Uzbekenergo increases charter capital by 27.72bn soums

The Cabinet of Ministers issued a resolution “On capitalization of the dividends, issued in the result of financial-economic activities of Uzbekenergo state joint stock company for 2007”.

The document was adopted to ensure timely implementation of investment projects, implemented by Uzbekenergo within the investment programme of Uzbekistan for 2013, as well as improve financial state of the company.

Uzbekenergo allocated dividends for 27.72 billion soums in the results of its activities for 2007 on the government’s stakes, the resolution said.

According to the document, the dividends will be directed at implementation of investment project “Construction of energy generation units with the capacity of 130-150 megawatts with heating selection with burning high-ash coal”.

Uzbekenergo and the State Competition Committee entrusted to increase the charter capital of the company by 27.72 billion soums via capitalization of the dividends, issued for 2007 by Uzbekenergo to the government’s stake.