Date: 7 months ago   Category: Energy

RusHydro has submitted to the international arbitration a claim for return of investments into hydroelectric power station in Kyrgyzstan — Rambler News Service


Photo: Sergey has given Bobyliov/TASS of RusHydro to the international arbitration in the Hague the developed statement of claim to Kyrgyzstan for return of the means invested in the project of construction of the Upper Naryn cascade of hydroelectric power station is said in the statement of the company. "During 2018 with active participation of representatives of the Kyrgyz republic the structure of arbitration court, the administering body have been defined (The constant arbitration court in the Hague) and also the schedule of arbitration trial on business is agreed. According to the specified schedule approved by the procedural order of September 25, 2018, RusHydro on October 31, 2018 has directed to the administering body the developed statement of claim on which the Kyrgyz republic will have to present objections no later than April 15, 2019", - it is said in the statement. The company also notes that information that Bishkek didn't receive the formal notice on the beginning of arbitration trial, isn't true. The notice of arbitration in accordance with the established procedure has been directed on January 15, 2018 to the president of Kyrgyzstan, the prime minister of Kyrgyzstan, the Ministry of Economics, the Ministry of Foreign Affairs, the state committee of the industry, power and subsurface use and also the Ministry of Justice of Kyrgyzstan and the Center of judicial representation at the government of Kyrgyzstan. RusHydro notes that during 2016-2018 the company repeatedly addressed to JSC Elektricheskiye stantsii, National energoholding and the government of Kyrgyzstan concerning transfer of 50% of stocks of CJSC Upper Naryn Hydroelectric Power Stations. The duty of adoption of the specified stocks is provided by article 14 of the agreement on construction and operation of the Upper Naryn cascade of hydroelectric power stations of September 20, 2012 at his termination in the property of authorized organization of Kyrgyzstan (JSC Elektricheskiye stantsii). The decision on transfer of the stocks of CJSC Upper Naryn Hydroelectric Power Stations owned by RusHydro till August 8, 2016 has been made within negotiations of authorized representatives of the parties which have taken place in Bishkek on June 2, 2016. Besides, the resolution of December 1, 2016 No. 1155-VI it was entrusted to government of Kyrgyzstan to carry out acceptance transfer of a share of RusHydro in authorized capital of joint venture on balance of JSC Elektricheskiye stantsii. Despite the specified decisions, instructions and arrangements, Kyrgyzstan doesn't undertake any measures directed to acceptance of a share in CJSC Upper Naryn Hydroelectric Power Stations in the property of JSC Elektricheskiye stantsii. At the same time have added to RusHydro that the company, as before, is ready to constructive dialogue at discussion of compensation by the Kyrgyz side of the expenses incurred by RusHydro in connection with participation in the project of construction of the Upper Naryn cascade of hydroelectric power stations in the territory of Kyrgyzstan.

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