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Presentation Of Distribution Of Artsakh HPP OJSC's Securities Takes

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  • Presentation Of Distribution Of Artsakh HPP OJSC's Securities Takes

    PRESENTATION OF DISTRIBUTION OF ARTSAKH HPP OJSC'S SECURITIES TAKES PLACE

    Noyan Tapan
    March 20, 2009

    YEREVAN, MARCH 20, NOYAN TAPAN. The presentation of distribution
    of Artsakh Hydro-Power Plant (HPP) OJSC's securities took place at
    Yerevan's Marriott-Armenia Hotel on March 20. The event was attended
    by Armenian Prime Minister Tigran Sargsyan and Prime Minister of the
    Nagorno Karabakh Republic Ara Harutyunian.

    According to the RA Government Information and PR Department,
    the securities issued by the company are distributed by Armenbrok
    OJSC. Artsakh HPP company plans to spend the money received from
    the distribution of shares on construction of several new hydropower
    plants in the NKR.

    T. Sargsyan called the initiative symbolic not only because it is
    organized under conditions of the global financial and economic crisis,
    but also because it may start intense activity in the financial market
    and, as a result, develop the economy. The prime minister pointed out
    the project's atractiveness to investors, its importance in terms of
    assisting the development of infrastructures, which will contribute
    to job creation and economic growth in the NKR.
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