Uzbekhydroenergo registers issue of shares for 3.43 billion soums

Tashkent, Uzbekistan (UzDaily.com) -- Uzbekhydroenergo (Uzbek Hydro Energy) registered the first issue of shares for a total sum of 3.43 billion soums.

The Center for Coordination and Development of the Securities Market registered the company’s decision to issue shares.

The shares will be fully placed to the state. The shares will be paid with the stake of Suvsanoatmash (3.1 billion soums) and Hydroproject (331.1 million soums).

President of Uzbekistan Shavkat Mirziyoyev created Uzbekhydroenergo on 19 May 2017 with his decree.

Uzbekhydroenergo will implement a unified technical policy in the field of electric power production at hydroelectric power stations, ensuring the safe and efficient operation of hydraulic structures, as well as centralized technological management of hydropower facilities.

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