RusHydro prepares the appeal to the international arbitration on return of investments into hydroelectric power station in Kyrgyzstan

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RusHydro carries out preparation for the appeal to the international arbitration for return of the means invested in the project of construction of the Upper Naryn cascade of hydroelectric power station in Kyrgyzstan the head of the company Nikolay Shulginov on the WEF sidelines — has said 2017 to journalists.

"We have announced a competition on search of the international consultant for the international arbitration" — he has told. Earlier the company stated that it wants to return the investments enclosed in in construction of the Upper Naryn cascade of hydroelectric power station in Kyrgyzstan.

at the end of 2016 the head of RusHydro Nikolay Shulginov has said that it is about about 2 billion rubles of investments.

the Agreement on construction of hydroelectric power station Russia and Kyrgyzstan have signed

in September, 2012. RusHydro owned a 50 percent share in the project. The Russian company has allocated 1 billion rubles for financing of preparatory work.

on January 22, 2015 the president of Kyrgyzstan has signed with

the law on denunciation of the agreement with Russia on construction and operation of Kambaratinsky GES-1 and the Upper Naryn cascade of hydroelectric power station.

Source: Wordnews

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