Presided over by Prime Minister Qohir Rasoulzoda, an extraordinary meeting of the shareholders of the Open Joint-Stock Company (OJSC) NBO Roghun took place in Dushanbe on March 11.
The press center of the Ministry of Energy and Water Resources (MoEWR) says key issues related to the distribution of income from electricity sales and the profit distribution program were discussed at the meeting.
The main issues on the agenda were the allocation of funds from the sale of electricity generated by the Roghun hydropower plant for the profit distribution program, as well as the procedure for distributing income from electricity sales for both domestic consumption and export.
Speaking at the meeting, Qohir Rasoulzoda Kohir Rasulzoda noted that the construction of the Roghun hydropower plant is progressing at a rapid pace.
“Over the past two years, more than 9 billion somonis from the state budget have been spent on these purposes, and to date, more than 50% of the work on the construction of the hydroelectric power plant has been completed,” the prime minister noted.
Tajikistan founded OJSC NBO Roghun with an authorized capital of 116 million somoni for completing the construction of the Roghun station in April 2008 after it formally revoked a contract with Russia’s RusAl aluminum company for the construction of the Roghun HPP in August 2007. The Tajik government accused the Russian company of failing to fulfill the contract signed in 2004. Tajik authorities and RusAl became bogged down in the hydroelectric plant's dam model and height, crucial factors in its capacity.
To raise funds to complete construction of the Roghun HPP the government started to sell shares in Roghun to people on January 6, 2010. Tajikistan has reportedly issued 6 billion somonis worth of Roghun shares.
22,000 people are reportedly holders of the Certificates of Shares (the face value of one Certificate of Shares is 5,000 somonis) and nearly 2 million people are holders of shares of the face values of 100, 500 and 1,000 somonis.
