The agreement between the Government of the Russian Federation and the Government of the Kyrgyz Republic on cooperation in the field of power industry

of March 28, 1996

The government of the Russian Federation and the Government of the Kyrgyz Republic which further are referred to as with the Parties

being guided by the Agreement on coordination of the interstate relations in the field of power industry of the Commonwealth of Independent States of February 14, 1992,

recognizing importance of deepening of mutually beneficial long-term economic cooperation and interest of the Parties in further enhancement and effective use of power supply sources,

considering need of creation of conditions for realization of benefits of joint operation of power systems of the Parties,

in view of positive experience of partnership between the Parties in the field of power industry,

agreed as follows:

Article 1

The parties will develop in every possible way cooperation in the following directions:

production, transfer and electricity distribution;

investment into power;

scientific research, design and construction of facilities of power;

creation and expansion of common information space in the field of power industry and energy construction;

training, preparation and advanced training of personnel for work at the companies of power industry.

Article 2

The parties will develop jointly the concept and the development program of national power system of the Kyrgyz Republic with consideration of possibility of joint construction of intersystem power lines for the purpose of creation of conditions for stable export (transit) of the electric power to the Russian Federation, other countries of the Commonwealth of Independent States and the third countries.

Article 3

The Kyrgyz Republic will provide in the privatization program deepening of integration with the Russian Federation in the field of power industry what the Parties will be developed jointly for:

the program of organization based on Kirgizgosenergoholding of Kirgizenergo (JSC Kirgizenergo) public joint stock company with transfer of 49 percent of its shares to the authorized capital of the Russian joint stock company of power and electrification (RAO UES of Russia);

mechanism of participation of JSC Kirgizenergo in management of RAO UES of Russia.

Article 4

The parties will aim at rapprochement and harmonization of the national legal system in the field of power industry, standardization of the power equipment, its operation, fundamentals of tariff policy on electrical and heat energy, calculations of cost of energy, accounting and the reporting in energy production.

In case of difficulties in implementation of provisions of this agreement due to the lack of regulatory framework of the Party will resolve them by adoption of the necessary mutually approved regulatory legal acts.

Article 5

The parties will consider question of completion of construction and commissioning of incomplete energy objects.

Article 6

The parties will promote expansion of mutual deliveries of material resources for work on repair of the equipment, reconstruction and modernization of the energy companies.

Article 7

In case of disagreements on interpretation and application of this agreement they will be permitted by negotiations and consultations at the level of agents of the parties.

Article 8

This agreement becomes effective from the date of its signing, will be effective within five years and to be prolonged automatically for the subsequent five-year periods if any of the Parties does not notify other Party on the intention to stop its action not later than six months before the expiration of the next period.

It is made in the city of Moscow on March 28, 1996 in duplicate, everyone in the Russian and Kyrgyz languages, and both texts are equally authoritative.

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