The national energy holding will be liquidated. R. Umbetaliev, an independent expert of the fuel and energy complex, an auctioneer of Electric Stations OJSC and NESK OJSC, reports this.
According to him, in March 2023, the Ministry of Energy of the Kyrgyz Republic sent a draft resolution of the Cabinet of Ministers of the Kyrgyz Republic “On the liquidation of the open joint-stock company National Energy Holding Company” for approval by the ministries, departments and for signature to the Chairman of the Cabinet of Ministers of the Kyrgyz Republic A. Zhaparov. According to the draft resolution “In accordance with Articles 96, 97 of the Civil Code of the Kyrgyz Republic, Article 18 of the Law of the Kyrgyz Republic “On Joint Stock Companies”, Articles 13 and 17 of the Constitutional Law of the Kyrgyz Republic “On the Cabinet of Ministers of the Kyrgyz Republic”, the Cabinet of Ministers of the Kyrgyz Republic decides: 1. The Ministry of Energy of the Kyrgyz Republic, together with the Fund for management of state property under the Ministry of Economy and Commerce of the Kyrgyz Republic: 1) liquidate the open joint stock company National Energy Holding Company 2) Create a liquidation commission from among the representatives of the Ministry of Energy of the Kyrgyz Republic of the Ministry of Finance of the Kyrgyz Republic of the Fund for State Property Management under the Ministry of Economy and Commerce of the Kyrgyz Republic 2. Liquidation Commission commission: – within two months, take measures to liquidate the open joint stock company National Energy Holding Company in accordance with Articles 96-99 of the Civil Code of the Kyrgyz Republic – take measures to transfer the property and assets of the open joint stock company National Energy Holding Company to the balance of the Ministry of Energy of the Kyrgyz Republic. The draft resolution was signed by the Acting Minister, Deputy Minister M.M. Zhakypov. The reference-justification for the draft resolution of the Cabinet of Ministers of the Kyrgyz Republic “On the liquidation of the open joint stock company National Energy Holding Company” notes: 1. Goals and objectives: The purpose of this draft resolution is the liquidation of the open joint stock company National Energy Holding Company (hereinfollowing – OJSC NEHK). The objectives of this resolution are: -optimization of the costs of existing energy companies; – effective corporate governance; – savings from the liquidation of the open joint-stock company National Energy Holding Company in the order of 70 million soms. On January 6, 2016, according to the Decree of the Government of the Kyrgyz Republic No. 4, signed by the Prime Minister Temir Sariev, the National Energy Holding Company (NEHC) is created with 100% state participation. State shares of energy companies in the amount of 80.49%, owned by the FUGI, are transferred to the authorized capital of OAO NEKhK. When NEHC is formed, the Ministry of Energy of the Kyrgyz Republic is liquidated. JK KR was supposed to adopt a bill “On national holding companies.” “But so far this bill has not been adopted. And therefore, the activities of the National Energy Holding are considered illegal. According to the results of the financial and economic activities of Electric Stations OJSC and NEGK OJSC for 2021, enormous losses were incurred. If huge losses are received, then no additional There should not have been decisions on the cost of maintaining NEHC. National Energy Holding is extremely not interested and does not care regarding the pre-bankrupt state of JSC “Electric Stations” and JSC “NESK”. can be regarded as a “deliberate” economic crime, once morest its own subsidiaries, which are strategically important and one of the main budget-forming and socially significant enterprises of the Kyrgyz Republic. By Decree of the Government of the Kyrgyz Republic dated March 5, 2021 No. the National Energy Holding was abolished, thereby establishing the most inefficient and inexpedient system of state administration, a strategically important energy sector of Kyrgyzstan. It is urgent to liquidate the National Energy Holding, as an illegal and punitive body of the energy industry in Kyrgyzstan. The draft resolution of the Cabinet of Ministers of the Kyrgyz Republic “On the liquidation of the open joint-stock company National Energy Holding Company”, initiated by the Ministry of Energy of the Kyrgyz Republic, is a timely and correct decision. Chairman of the Cabinet of Ministers of the Kyrgyz Republic A. Japarov must sign this draft resolution,” Umbetaliyev said in a statement.