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BAKU: The Russians Bought The "Electric Power Network Of Armenia"

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  • BAKU: The Russians Bought The "Electric Power Network Of Armenia"

    THE RUSSIANS BOUGHT THE "ELECTRIC POWER NETWORK OF ARMENIA"

    TREND Information, Azerbaijan
    Sept 27 2006

    (A1plus.am) - The "Electric power network of Armenia" has a new
    owner. Russian company "Inter RAO EES" paid 73 million USD for it.

    British company "Midland Resources" handed the stock to the Russians
    yesterday. The representatives of "Inter RAO EES" arrived in Armenia
    in order to be present at the ceremony, reports Trend.

    It is noteworthy that the new owner of the "Electric power network
    of Armenia" intends to invest 20 million USD in the company till the
    end of the next year.
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