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Distribution Network To RAO EES

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  • Distribution Network To RAO EES

    DISTRIBUTION NETWORK TO RAO EES

    Lragir.am
    19 July 06

    The Public Services Regulatory Commission unaninimously decided July
    19 to allow Midland Resources owning Electric Network of Armenia to
    sell 100 percent of shares of the Electricity Distribution Networks of
    Armenia to Interenergo, a company of Russian RAO EES. Samvel Arabajyan,
    member of the Public Services Regulatory Commission told ARKA News
    Agency that conditions connected with the Electricity Distribution
    Networks of Armenia do not change, it is simply transferred from one
    company to another. Anatoly Vagner, deputy executive director of Inter
    RAO EES announced that the company will invest 7 million dollars in
    the network within the upcoming month. The money will be directed
    at modernization of equipment.
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