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Paper: President Seeks To Acquire Vorotan Hydro Power

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  • Paper: President Seeks To Acquire Vorotan Hydro Power

    PAPER: PRESIDENT SEEKS TO ACQUIRE VOROTAN HYDRO POWER

    PanARMENIAN.Net
    October 10, 2012 - 16:23 AMT

    PanARMENIAN.Net - Armenian President Serzh Sargsyan seeks to
    buy Vorotan Cascade hydropower plant, according to Chorrord
    Inknishkhanutyun daily.

    As sources close to the authorities say, the purchase was supposed
    to be finalized before the 2013 presidential elections. However, back
    in 2012, the plant was rumored to have been bought by Russians. With
    rumors proving false, President Sargsyan is now intending to get the
    plant, according to the daily.

    The plant, providing 20% of electricity in Armenia, is currently placed
    under the jurisdiction of Ministry of Energy, with the self-cost of
    the product being the lowest one in Armenia.

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