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LAW OF THE KYRGYZ REPUBLIC

of January 21, 2002 No. 7

About special status of the cascade of the Toktogul hydroelectric power stations and national high-voltage power line

(as amended of the Laws KR of July 30, 2007 No. 100, on May 23, 2008 No. 95)

Accepted by General Court of Jogorku Kenesh of the Kyrgyz Republic on December 28, 2001

The cascade of the Toktogul hydroelectric power stations and the national high-voltage power line (further - high-voltage power lines) are important for Kyrgyz the Republics strategically. This Law determines legal and organizational basis of functioning in case of special status of the joint-stock companies formed based on the cascade of the Toktogul hydroelectric power stations and high-voltage power lines.

Article 1. Legislation of the Kyrgyz Republic on special status of the cascade of the Toktogul hydroelectric power stations and national high-voltage power line

Article 2. The joint-stock company formed based on the cascade of the Toktogul hydroelectric power stations

Based on the cascade of the Toktogul hydroelectric power stations, the At-Bashi hydroelectric power station, the company of hydroelectric power stations under construction, the combined heat and power plant of the city of Bishkek and combined heat and power plant of the city of Osh is formed Power plants joint-stock company with state-owned property in the amount of 93,72 of percent of shares.

The share fraction in the amount of percent 93,72 belonging to the state cannot be sold, pledged, exchanged on account of repayment of external debt of the Kyrgyz Republic, is delivered in trust management to somebody, and also new share issue cannot be performed without the consent of Jogorku Kenesh of the Kyrgyz Republic. The property of this joint-stock company is not subject to any kinds of alienation, including indirect, the Kambaratinsky hydroelectric power stations which except for are not completed by construction 1 and 2, of the hydroelectric power stations under construction, combined heat and power plant of the city of Bishkek, and also the property which is directly not participating in process of development and transmission of electricity or which became useless owing to physical wear or technical accidents and natural cataclysms which are part of the company.

The construction and operation of Kambaratinsky hydroelectric power stations 1 and 2 are determined by the separate law of the Kyrgyz Republic.

The combined heat and power plant of the city of Bishkek can be aloof. Thus after alienation of combined heat and power plant of the city of Bishkek rates on electro-and heat power are established by the decision of authorized state body.

Article 3. The joint-stock company formed based on high-voltage power lines

Based on high-voltage power lines of 110 kV and above with all their substations the "National Power Grid of Kyrgyzstan" joint-stock company with state-owned property in the amount of 93,72 of percent of shares is formed.

The share fraction in the amount of percent 93,72 belonging to the state cannot be sold, pledged, exchanged on account of repayment of external debt of the Kyrgyz Republic, is delivered in trust management to somebody, and also new share issue cannot be performed without the consent of Jogorku Kenesh of the Kyrgyz Republic. The property of this joint-stock company is not subject to any kinds of alienation, including indirect, except for the property which is directly not participating in process of transmission of electricity or became useless owing to physical wear or technical accidents and natural cataclysms".

Article 4. Priority of this Law

The legislation of the Kyrgyz Republic on joint-stock companies is effective concerning the joint-stock companies formed based on the cascade of the Toktogul hydroelectric power stations and high-voltage power lines in the part which is not contradicting this Law.

Article 5. The basic principles of state policy concerning the joint-stock companies formed based on the cascade of the Toktogul hydroelectric power stations and high-voltage power lines

The basic principles of state policy concerning the joint-stock companies formed based on the cascade of the Toktogul hydroelectric power stations and high-voltage power lines are:

- sustainable development and priority of effective use of potential of the cascade of the Toktogul hydroelectric power stations and high-voltage power lines;

- social, power - and environmentally safe orientation of use of the cascade of the Toktogul hydroelectric power stations and high-voltage power lines;

- the state organization-legal support and the state economic incentives of the joint-stock companies formed based on the cascade of the Toktogul hydroelectric power stations and high-voltage power lines.

Article 6. Responsibility for violation of provisions of this Law

Persons guilty of violation of provisions of this Law bear responsibility according to the legislation of the Kyrgyz Republic.

Article 7. Entry into force of this Law

This Law becomes effective from the date of official publication.

To the government of the Kyrgyz Republic in three-months time:

- bring the regulatory legal acts and decisions into accord with this Law;

- prepare and submit for consideration of Jogorku Kenesh of the Kyrgyz Republic of the offer on reduction of regulatory legal acts of the Kyrgyz Republic in compliance with this Law.

 

President of the Kyrgyz Republic

A. Akayev

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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