The Russia share in the Tadzhikistan-based Sangtudinskaya GES-1 will be equal no less 52.6% after the stock issue, the economy ministry informed.

V.Khristenko, energetics minister, and Sh.Gulov, Tadzhikistan energetics minister, signed a protocol on the stock issue of the above Company.

The document has certain amendments as of the earlier stipulated agreement on the building of the hydro power plant and its operation in future. Now the second issue has been launched in the volume of $277mln to be up to end in Sep. The amendments concern the funding of the project.

To increase the share capital in 2006-2007 the Russia party invested serious funds including certain amount out of the investment programs developed for FSK UES and UES.

Other shares are assumed to be as follows: Tadzhikistan government - no less 23.2%, FSK - no less 21.1%, UES - 3%, Inter UES - no more 0.2%.

In Nov. 2006 the agreement on the participation in the project for the building of the above GES was signed. The stock issues will be released to raise the funds required for the financing of the project. The first issue was launched in Dec. 2005 - Apr. 2006.

The above power plant with 670 MW is capacity should enter the hydro power stations cascade in on Vakhsh river in Tadzhikistan.

"AK&M", 05.03.2007 18:30