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22-05-2015, 11:15

Shareholders of OJSC NBO Roghun meet in Dushanbe

Avesta.Tj | 22.05.2015 | An annual meeting of shareholders of Open Joint-Stock Company (OJSC) NBO Roghun was held here at the National Library on Friday, Tajik Ministry of Finance said.

The participants discussed annual report and financial account of the company for 2014, endorsement of auditor for the company in 2015 and payment for its services.

The shareholders also discussed issues related to increase in the company’s authorized capital.

They also elected new members of the Supervisory Board, the Auditing Commission and the Accounts Commission of OJSC NBO Roghun.

The first annual meeting of the shareholders of OJSC NBO Roghun was held on May 25, 2011 and the last annual meeting was held on June 28, 2014.

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 somoni 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 somoni) and nearly 2 million people are holders of shares of the face values of 100, 500 and 1,000 somoni.