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SCANDALOUS FACTS ON ARMENIA'S VOROTAN HYDRO CASCADE'S SALE TO AMERICAN COMPANY - NEWSPAPER
February 25, 2014 | 08:34
YEREVAN. - Zhoghovurd daily was able to acquire the Armenian
government's secret decision on the sale of the Vorotan hydroelectric
power plant (HPP) to an American company, the daily reports.
"This deal was conducted in accordance with the decision, which was
reached at the government session on November 21, 2013, on approving
the agreement on the sale and purchase of Vorotan's property.
Moreover, the draft decision was kept secret until the end.
"Incidentally, another decision on the Vorotan HPP, [and] on
increasing the charter capital, was adopted at the government session
on November 21. So, four reservoirs, worth over 89 million drams
[approx. $216,277], were returned to Vorotan and likewise sold to
the American company.
"But this sale runs contrary to the Armenian Law on National Water
Plan, pursuant to which the water systems of national significance
are not subject to privatization," Zhoghovurd writes.
News from Armenia - NEWS.am
From: Baghdasarian
February 25, 2014 | 08:34
YEREVAN. - Zhoghovurd daily was able to acquire the Armenian
government's secret decision on the sale of the Vorotan hydroelectric
power plant (HPP) to an American company, the daily reports.
"This deal was conducted in accordance with the decision, which was
reached at the government session on November 21, 2013, on approving
the agreement on the sale and purchase of Vorotan's property.
Moreover, the draft decision was kept secret until the end.
"Incidentally, another decision on the Vorotan HPP, [and] on
increasing the charter capital, was adopted at the government session
on November 21. So, four reservoirs, worth over 89 million drams
[approx. $216,277], were returned to Vorotan and likewise sold to
the American company.
"But this sale runs contrary to the Armenian Law on National Water
Plan, pursuant to which the water systems of national significance
are not subject to privatization," Zhoghovurd writes.
News from Armenia - NEWS.am
From: Baghdasarian