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Ministry of Justice

Republic of Tajikistan

 On July 5, 2019 No. 396

ORDER OF THE GOVERNMENT OF THE REPUBLIC OF TAJIKISTAN

of July 31, 2019 No. 374

About questions of the state unitary enterprise "Tajik Aluminium Company"

(as amended of the Order of the Government of the Republic of Tajikistan of 07.05.2020 No. 268)

According to article 14 of the constitutional Law of the Republic of Tajikistan "About the Government of the Republic of Tajikistan", Articles 58 and 59 of the Civil code of the Republic of Tajikistan, article 169 of the Tax Code of the Republic of Tajikistan, Article 345 of the Customs code Government of the Republic of Tajikistan and article 56 of the Law of the Republic of Tajikistan "About regulatory legal acts", decides:

1. Since November 1, 2019:

- transform the state unitary enterprise "Tajik Aluminium Company" to Tajik Aluminium Company open joint stock company from 100% of the state share; transform the affiliated state enterprise "Alyuminsokhtmon" to Alyuminsokhtmon open joint stock company from 100% of share of open joint stock company *" "the Tajik Aluminium Company";

- based on shopping center "Metallurg", Shirkent hotel complex, rest house "Curan", "Karatag", the improving center "Shirkent", "Youth center", kindergartens No. 9, of 10, of 11, of 12, of 14, of 16, of production and heating kotelna to create the corresponding legal entities from 100% of share of Tajik Aluminium Company open joint stock company.

2. To the state committee on investments and management of state-owned property of the Republic of Tajikistan together with the relevant ministries and departments and the state unitary enterprise "Tajik Aluminium Company" in accordance with the established procedure to solve organizationally - legal issues of the legal entities specified in Item 1 of this resolution and to submit projects of the corresponding regulatory legal acts for consideration of the Government of the Republic of Tajikistan.

3. Approve the actions plan on increase in efficiency of productive activity of Tajik Aluminium Company open joint stock company for 2019-2024, (appendix 1).

4. Item 1 of the order of the Government of the Republic of Tajikistan of August 1, 2008, "About especially important objects" to bring No. 369 to add with Item 42 following of content:

"42. Updating and recovery of production capacities of Tajik Aluminium Company open joint stock company.

5. Exempt from the tax discharge on value added and customs duty the list of production processing equipment and products imported into the Republic of Tajikistan for the purpose of re-equipment and upgrade of the state unitary enterprise "Tajik Aluminium Company" (appendix 2).

6. Permit Tajik Aluminium Company open joint stock company to perform sale of black scrap at the price approved with the State committee on investments and management of state property. The received means from sale of scrap which arrived on account of Tajik Aluminium Company open joint stock company to use for needs of managing and operating activiies of Tajik Aluminium Company open joint stock company.

7. From February 1, 2019 to December 31, 2024 to transfer fixed assets of Tajik Aluminium Company open joint stock company to conservation regime (appendix 3).

8. Approve the feasibility statement on projects of updating and recovery of production capacities of 5 and 6 series of the state unitary enterprise "Tajik Aluminium Company" by attraction of the commercial foreign credits from the international financial institutions and commercial foreign banks for the purpose of increase in production of primary aluminum at the state unitary enterprise "Tajik Aluminium Company" without provision of the state guarantee (appendix 4).

9. Approve annual increase in electricity tariffs, bought by Tajik Aluminium Company open joint stock company and TALKO Indastris open joint stock company from open joint-stock holding company of "Barka Tochik", during 2019 - 2029 at the level of no more than 6% from the moment of commissioning technically of the re-equiped and updated production capacities of aluminum production.

10. To Tajik Aluminium Company open joint stock company every half-year to submit the report to the Government of the Republic of Tajikistan about the course of accomplishment of the actions plan on increase in efficiency of productive activity.

11. To impose control of execution of this resolution on the First Deputy Prime Minister of the Republic of Tajikistan.

Prime Minister of the Republic of Tajikistan

Emomalii Rahmon

Appendix No. 1

to the Order of the Government of the Republic of Tajikistan of July 31, 2019 No. 374

The actions plan on increase in efficiency of productive activity of Tajik Aluminium Company open joint stock company for 2019-2024

Name of actions

Term

Procedure for accomplishment

Contractor

Note


                                                                   1. Normative legal and organizational actions (1 stage)

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