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SECTION NEWS

RusHydro may sue Kyrgyzstan because of Uppernaryn HPP cascade

09/12/16 07:05, Bishkek – 24.kg news agency, by Tatyana KUDRYAVTSEVA

RusHydro may apply to international arbitration against Kyrgyzstan because of Uppernaryn HPP cascade. This was reported by the Russian media, citing the head of company Nikolay Shulginov.

"We are working on this subject at all levels, through the Ministry of Energy and other channels. If we fail to return the funds, we will sue, involving international arbitration. That is to sue Kyrgyzstan," Nikolay Shulginov said.

We are talking about compensation for $35-36 million already spent on the project.

In January Kyrgyz President Almazbek Atambayev signed a law of denunciation of agreements with Russia on joint construction of Uppernaryn HPP cascade and Kambar-Ata-1 HPP."

Kyrgyzstan regularly being sued in international arbitration courts. Proceedings of recent years have been in favor of the KR.


URL: http://eng.24.kg/economics/183211-news24.html
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Exchange rate from 4 February
National Bank of Kyrgyz Republic
USD 69.4463
EUR 74.6131
RUB 1.1708
KZT 0.2156
UZS 0.0212
Weighted average exchange rate of som on February 3
USD 69.4300


Weather forecast
05.02.2017
  night day
Bishkek
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Talas
-17...-14 -13...-7
Jalal-Abad
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Osh
-16...-9 -8...-4
Batken
-12...-8 -8...-3
Naryn
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Cholpon-Ata
-27...-20 -14...-11


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«When we ran in the elections, we said that would even get the moon and the sun from the sky ».
MP Kamchybek Joldoshbayev at a meeting of Parliament, February 2, 2017.

«What have you done besides sale of donkeys to China?».
Deputy Ryskeldi Mombekov to the head of State Inspectorate for Veterinary and Phytosanitary Safety Kalysbek Zhumakanov at a meeting of Parliament, February 1, 2017.
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