Announcement

Collapse
No announcement yet.

Minister Doesn't Know If Vorotan Power Station Will Be Sold

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Minister Doesn't Know If Vorotan Power Station Will Be Sold

    MINISTER DOESN'T KNOW IF VOROTAN POWER STATION WILL BE SOLD

    Minister of Energy Armen Movsisyan told reporters today that there are
    several companies interested in Vorotan Hydroelectric Power Station.

    "While we have yet decided whether we sell it or not. If there is
    an interesting proposal, we will negotiate and decide", said the
    minister. According to him, 200 million USD is necessary for the
    modernization of the power station.

    Dwelling on the gas price, Armen Movsisyan said that the negotiations
    to subsidize natural gas price by 30% are still going on. He does not
    think Azerbaijan's proposal about gas supply is serious. Asked once
    again when the contract between Armenia and Russia on the gas price
    increase was signed, the minister said that he has not yet checked
    it and does not remember.

    As to Nairit chemical plant, the minister said that he has
    instructed to discuss the technology of the plant to see whether
    it is economically expedient. "The general situation is positive,
    this technology can still work", he said.

    Armen Movsisyan said negotiations over Nairit are held with ITERA.

    Overall debt of the plant is about 100 million USD.

    14:42 13/06/2013 Story from Lragir.am News:
    http://www.lragir.am/index/eng/0/country/view/30153

Working...
X