TALCO is the largest debtor to “Barki Tojik”

The management of the state energy holding “Barki Tojik” stated that the list of debtors is headed by the “Tajik Aluminum Company TALCO,” which is controlled by the brother-in-law of Emomali Rahmon.

On February 13, 2024, a representative of the state energy company “Barki Tojik” informed journalists at a press conference that TALCO’s debt to the energy holding has increased.

According to the head of the “Electricity Distribution Networks” joint-stock company, a subsidiary of “Barki Tojik,” the debt of the state unitary enterprise “Tajik Aluminum Company TALCO” has reached nearly 342 million somoni. The debt of pumping stations has reached 100 million somoni, and the population owes 48.9 million somoni. The debt of budget organizations is also growing, noted the electricity networks.

Earlier, in January 2024, at an expanded meeting of the Government of Tajikistan, Emomali Rahmon noted that among the “large taxpayers” with huge debts to the state budget were two companies affiliated with his brother-in-law Hasan Asadullozoda, operating under the brand “TALCO” — the joint-stock company “Tajik Aluminum Company TALCO,” which has not paid 17.4 million somoni, and the company “TALCO Gold,” a subsidiary of TALCO, which has not paid 18.4 million somoni, and both have made it onto the list of notorious tax evaders.

The head of the joint-stock company “Electricity Distribution Networks” stated that since its establishment, the accumulated debt to it has amounted to 3 billion 328 million 700 thousand somoni; however, as of January 1, 2024, this amount reached 3 billion 424 million 479 thousand somoni.

For nearly 20 years, when the joint-stock company “Tajik Aluminum Company TALCO” came under the control of Hasan Asadullozoda, the brother-in-law of Emomali Rahmon, despite numerous benefits provided, including electricity prices several hundred times lower than those for ordinary residents, the debt of this company due to unpaid taxes, duties, and electricity has reached enormous proportions and has become a heavy burden on the republic’s budget. This company generates huge profits, and for this reason, Emomali Rahmon has not handed it over to anyone else for 20 years. However, despite significant revenues, the question of where exactly these funds are directed is not officially discussed.