RusHydro responded to criticism by the President of Kyrgyzstan. The press service of the Russian holding issued a statement the day before.
«On July 24, 2017, mass media published messages with a quote from the President of Kyrgyzstan Almazbek Atambayev regarding RusHydro and the situation with the construction of the
RusHydro has never made any statements about the intention to stop the construction of the Upper Naryn cascade of hydropower plants, in connection with it the accusations of the Kyrgyz partners about the improper fulfillment of its obligations by RusHydro is absolutely groundless.
The holding notes that the intergovernmental agreement on the construction and operation of the Upper Naryn cascade of hydropower stations was unilaterally terminated by
The funds invested by the company in the implementation of the project must be returned to it in full in accordance with the terms of this agreement, however, all attempts of negotiations up to date have not led to an acceptable result for the company.Press-service of the holding
«RusHydro, as before, is ready for a constructive dialogue and discussion of options for repaying the debt by the Kyrgyz side. At the same time, RusHydro acts strictly within the legal framework and, in case of failure to reach an agreement, it reserves the right to initiate an international arbitration with a claim for compensation by the Kyrgyz side of all costs incurred by the company in connection with participation in the project," the company commented.
RusHydro Group is one of the largest Russian energy holdings, uniting more than 90 renewable energy facilities in
The day before,