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VOROTAN CASCADE OF HYDRO POWER PLANTS SOLD TO AMERICAN COMPANY
November 27, 2013 | 18:30
YEREVAN. - Armenia's public services regulatory commission on Wednesday
confirmed deal on selling Vorotan cascade of hydro power plants to
American Contour Global.
According to the decision, all three hydroelectric power plants on
the Vorotan River will be sold to Armenian company. Contour Global
Hydrocascade will manage the company.
A $180-million deal is the largest U.S. private investment in Armenia's
history and the first U.S. investment in Armenia's critical energy
sector.
News from Armenia - NEWS.am
November 27, 2013 | 18:30
YEREVAN. - Armenia's public services regulatory commission on Wednesday
confirmed deal on selling Vorotan cascade of hydro power plants to
American Contour Global.
According to the decision, all three hydroelectric power plants on
the Vorotan River will be sold to Armenian company. Contour Global
Hydrocascade will manage the company.
A $180-million deal is the largest U.S. private investment in Armenia's
history and the first U.S. investment in Armenia's critical energy
sector.
News from Armenia - NEWS.am