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Director of Liglass Trading calls current situation force majeure

Director of Liglass Trading Mikhail Smelik called the current situation a force majeure.

«Our global partners do not understand why we want to invest in Kyrgyzstan. We looked at the market for three years. In 2015, good for investors laws have been adopted. Kyrgyzstan has changed. The implementation of CASA 1000 project began. Our grandfathers developed industry together in the 1930s,» Mikhail Smelik said.

According to him, the whole world looks at Kyrgyzstan. Investors see the situation.

«We did not think that this would happen. This is a force majeure. We can not manage this situation. It’s not a business. We guarantee that we will sue all those who write lies about us,» he said.

Recall, the government of Kyrgyzstan and Liglass Trading signed an agreement on the construction and commissioning of Ak-Bulun hydropower station and Naryn HPP-1 of the Upper Naryn cascade. The same company won the tender for the construction of ten small HPPs. The government, at the time, voices different terms for payment of $ 37 million by Liglass Trading company for the redemption of 50 percent of shares in Upper Naryn HPPs CJSC. This is exactly the amount Kyrgyzstan should return to the Russian company RusHydro, which is already preparing to file a claim to international arbitration.

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