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Kyrgyzstan wants to come to agreement with RusHydro without arbitration

Kyrgyzstan wants to come to agreement with RusHydro on the Upper Naryn cascade without international arbitration. This was stated by the country’s Prime Minister Sapar Isakov in an interview with RIA Novosti.

According to him, in 2016, the Kyrgyz authorities unilaterally terminated agreements with Russia on joint construction of the Upper Naryn cascade of HPPs and Kambarata HPP-1. After that, RusHydro announced its intention to apply to international arbitration.

«Regarding RusHydro, the question is not about the arbitration process. We are at the stage when we say that Kyrgyzstan, within the framework of the denounced agreement between the governments of the two countries on implementation of the project in accordance with the established procedure, mutual consultation of the parties will solve the issue with the money that the company has invested in the project,» Sapar Isakov said.

The Prime Minister said that Kyrgyzstan is going to initiate an audit on this issue.

We propose to conduct an independent audit. Whenever any state pays a debt, it must conduct certain procedures to confirm the amount that has been spent. But the question in no case should be politicized, because it is economic.

Sapar Isakov

«We ask RusHydro Company to give us the opportunity to find an investor and the amount that the company invested in order to immediately return the money,» the head of the Cabinet concluded.

Recall, Sapar Isakov gave an interview to three Russian media during his official visit to Russia last week.

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