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INTER RAO EES ENERGY HOLDING MADE NO STATEMENT ABOUT SELLING ELECTRIC NETWORKS OF ARMENIA
YEREVAN, December 18. /ARKA/. Inter RAO EES has made no statement
saying it intends to sell its "Electric Networks of Armenia" closed
joint stock company, deputy minister of energy and natural resources
Areg Galstyan told reporters on Thursday, referring to the head of the
energy holding Boris Kovalchuk who was in Armenia in early December.
According to Galstyan, Inter RAO EES is interested in doing business
in Armenia.
Deputy minister of energy Yosif Isayan, in his turn, said an agreement
was reached to develop a program for solving financial issues during
Kovalchuk's visit in Armenia on December 11. A delegation of Inter RAO
EES is expected to arrive in Yerevan soon for discussion of further
steps and the way out of the current situation. The final solution
is expected to be ready by February, Isayan said.
According to the ministry of energy, the loan portfolio of Electric
Networks of Armenia is about $220 million, which provoked instability
in the energy market as many of the loans taken by the company are
not included in the electricity tariffs.
Electric Networks of Armenia CJSC is distributing electric power in
Armenia and exporting it to Georgia and Nagorno-Karabakh Republic.
-0--
http://arka.am/en/news/economy/inter_rao_ees_energy_holding_made_no_statement_abo ut_selling_electric_networks_of_armenia/#sthash.FFMlRzQ3.dpuf
YEREVAN, December 18. /ARKA/. Inter RAO EES has made no statement
saying it intends to sell its "Electric Networks of Armenia" closed
joint stock company, deputy minister of energy and natural resources
Areg Galstyan told reporters on Thursday, referring to the head of the
energy holding Boris Kovalchuk who was in Armenia in early December.
According to Galstyan, Inter RAO EES is interested in doing business
in Armenia.
Deputy minister of energy Yosif Isayan, in his turn, said an agreement
was reached to develop a program for solving financial issues during
Kovalchuk's visit in Armenia on December 11. A delegation of Inter RAO
EES is expected to arrive in Yerevan soon for discussion of further
steps and the way out of the current situation. The final solution
is expected to be ready by February, Isayan said.
According to the ministry of energy, the loan portfolio of Electric
Networks of Armenia is about $220 million, which provoked instability
in the energy market as many of the loans taken by the company are
not included in the electricity tariffs.
Electric Networks of Armenia CJSC is distributing electric power in
Armenia and exporting it to Georgia and Nagorno-Karabakh Republic.
-0--
http://arka.am/en/news/economy/inter_rao_ees_energy_holding_made_no_statement_abo ut_selling_electric_networks_of_armenia/#sthash.FFMlRzQ3.dpuf