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WB urges to clarify situation with Armenian distribution networks

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  • WB urges to clarify situation with Armenian distribution networks

    PanArmenian News
    July 13 2005

    WB URGES TO CLARIFY SITUATION WITH ARMENIAN DISTRIBUTION NETWORKS

    13.07.2005 04:45

    /PanARMENIAN.Net/ The World Bank is still demanding precise
    information on the new owner of the Armenian Distribution Networks,
    Mediamax agency reported. Armenia Country Manager Roger Robinson
    noted that according to the data available the State Committee
    regulating the public services in Armenia requested Midland Resources
    Company, the owner of the Distribution Networks, to clarify the
    situation. `If the issue is not clarified within several days I am
    going to meet with the members of the Armenian government', Roger
    Robinson stated. To remind, June 30 RAO UES of Russia announced of
    the intention to purchase the Armenian Distribution Networks via its
    branch with $73 million. Meanwhile the Press Secretary of the
    Distribution Networks assures that the company was conveyed to the
    trust management of the RAO UES.
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