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Oleg Deripaska informed President Vladimir Putin on development of the projects of this group in Tajikistan
CEO of the Bazovy Element Group Oleg Deripaska informed President Vladimir Putin on development of the projects of this group in Tajikistan. “We signed a memorandum in Tajikistan on the construction of the Ragun hydropower plant, enlargement of the Tajik aluminum plant and construction of a new plant,” Deripaska emphasized. “We have made good progress, finished the technical coordination and calculations that were made by German specialists,” he pointed out. “After the state technical expertise we will launch the construction already in November 2005,” Deripaska remarked. Speaking on the aluminum plant, he noted that the production volume was restored at the plant and the drafting of the project on its upgrading and the production of additional lines is closing to an end. The president asked Deripaska to specify the volume of investments. Deripaska noted that about 1.2 billion dollars were assigned for the construction of the hydropower plant, another 600 million dollars for upgrading the aluminum plant and the construction of a new plant. Deripaska stressed favorable conditions that the Tajik authorities provided. “The republic’s government even prompts us to more active actions,” he indicated. The same approach is practiced for other Russian companies. “There is no discrimination against them,” Deripaska noted. Putin also asked about competition. “We offered the best terms, and the Tajik government has taken the decision to work with us,” the Bazovy Element CEO said
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