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Visit Of Gen. Dir. of Armenian Electric Network CJSC to Moscow

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  • Visit Of Gen. Dir. of Armenian Electric Network CJSC to Moscow

    ARKA News Agency, Armenia
    July 12 2005

    VISIT OF THE GENERAL DIRECTOR OF ARMENIAN ELECTRIC NETWORKS CJSC TO
    MOSCOW IS NOT CONNECTED WITH THE NEGOTIATIONS ON SALE OF THE ELECTRIC
    NETWORKS

    YEREVAN, July 12. /ARKA/. The visit of the General Director of
    Armenian Electric Networks CJSC Yevgeni Gladunchik to Moscow is not
    connected with the negotiations on the sale of the electric networks,
    according to the Press Secretary of Armenian Electric Networks CJSC
    Margarit Grigoryan.
    To remind, yesterday Grigoryan told ARKA that Gladunchik would be
    back to Yerevan by the end of the week, and next week a
    press-conference would take place.
    RA Ministry of Energy sent an official letter to the company to find
    out the status of the electric networks. To note, according to the
    consolidated financial statement of the Group of RAO UES of Russia
    for 2004, in June 2005 Interenergo, included into the Group,
    purchased 100% of shares of Armenian Electric Networks CJSC for $73
    mln.
    Meantime, the Head of the WB Yerevan Office Roger Robinson expressed
    his anxiety by the fact that the sale of the electric networks of
    Armenia is carried out through non-transparent way. Robinson noted
    that currently RA Government hasn't made any statement confirming or
    refuring the information.
    100% of the shares of Armenian Electric Networks CJSC has been
    belonging to Midland Resources British Company since November 1,
    2002, which paid $12.015 mln and took the commitments to redeem debt
    of the company in the amount of $27.985 mln. A.H.-0--
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