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Russian Companies Are Interested In Energy Market Of Karabakh

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  • Russian Companies Are Interested In Energy Market Of Karabakh

    RUSSIAN COMPANIES ARE INTERESTED IN ENERGY MARKET OF KARABAKH

    Lragir, Armenia
    Dec 6 2006

    We have learned that the representatives of some Russian companies
    have visited Karabakh to study the local energy sector. The minister
    of territorial management and development of infrastructures Armo
    Tsatryan told the Karabakh Open that there are Russian companies
    which are conducting a survey of the energy sector of Karabakh to
    make investments in small water power plants, because the Karabakh
    party is interested in negotiating over this.

    "But there have been no definite proposals from any company and there
    are no arrangements," said the minister. According to the minister,
    after the privatization of the Distribution Networks of Armenia last
    year the companies initiated a visit to Karabakh, and during the
    recent visit besides the territories they also conducted a survey
    of Artsakhenergo.

    It is notable that at the moment Azerbaijan is making efforts to
    reject the Russian gas and seek for alternative sources. Will the
    Russian companies appear in Karabakh? After all, the energy generated
    in Karabakh can be sold in Iran.
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