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Stock Sale To Fund New Hydroelctric Stations In Karabakh

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  • Stock Sale To Fund New Hydroelctric Stations In Karabakh

    STOCK SALE TO FUND NEW HYDROELCTRIC STATIONS IN KARABAKH
    Anahit Danielyan

    http://hetq.am/en/karabakh/hek-2/
    2009/ 06/10 | 16:10

    Nagorno Karabakh

    "Artsakh HydroElectric" Executive Director Vahram Beglaryan informs
    Hetq that the first stage of the sale of stock shares in the company
    has raised 905.2 million drams in capital.

    862,074 stock shares were sold in all to a total of 1,111 foreign
    and local investors. Mr. Beglaryan said that most of the investors
    were from Karabakh proper.

    The new funds will be used to construct three mini hydro-electric
    stations on the Tatar River and its tributary the Trghe.
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