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Armenian minister denies power grid being sold to Russians
Arminfo
3 Mar 05
YEREVAN
The British company Midland Resources Holding Ltd, which owns the
Armenian power grid company, has not applied to the Armenian
government to sell the company, Armenian Energy Minister Armen
Movsisyan told a news conference on 3 March, commenting on the
intention of Unified Energy System of Russia to buy the grid.
Movsisyan said that no official letter or notification had been
received from the British company with such a proposal, though
negotiations on the sale of the Armenian power grid have been
conducted since the time of the privatization.
Movsisyan said that under the privatization agreement Midland
Resources has the right to sell the power grid to a third party only
with the Armenian government's permission.
Arminfo
3 Mar 05
YEREVAN
The British company Midland Resources Holding Ltd, which owns the
Armenian power grid company, has not applied to the Armenian
government to sell the company, Armenian Energy Minister Armen
Movsisyan told a news conference on 3 March, commenting on the
intention of Unified Energy System of Russia to buy the grid.
Movsisyan said that no official letter or notification had been
received from the British company with such a proposal, though
negotiations on the sale of the Armenian power grid have been
conducted since the time of the privatization.
Movsisyan said that under the privatization agreement Midland
Resources has the right to sell the power grid to a third party only
with the Armenian government's permission.