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Debts to Vorotan Hydro Cascade Paid with Stake in Nairit-2
07.24.2014 15:31 epress.am
Haygazard's current balance of debts will be paid by transferring a
46.73% stake in Nairit-2 CJSC to the Government of the Republic of
Armenia, decided the Armenian government in its cabinet today.
The RA Government website states [AM] that 11 companies merged in 1998
to create Haygazard CJSC. The real assets of the gas system were
invested into the authorized capital of the newly created
ArmRusGazprom, while the not collected receivable and payable debts
were transferred to Haygazrd's balance.
Today's government decision stipulates that the debts and obligations
will be fulfilled by several of the company's assets, including
transferring 46.73% stake in Nairit-2 CJSC to the Armenian government.
At the same time, some of Haygazard's debts to the Vorotan Hydro
Cascade (which was recently sold to the US company ContourGlobal) will
be paid by transferring a 53.27% share in Nairit-2 CJSC to the Vorotan
Hydroelectric Power Plant Complex.
In accordance with the decision, with the transfer of its assets,
Haygazard fulfills its obligations to the RA Ministry of Finances and
Vorotan Hydro Cascade.
http://www.epress.am/en/2014/07/24/debts-to-vorotan-hydro-cascade-paid-with-stake-in-nairit-2.html
07.24.2014 15:31 epress.am
Haygazard's current balance of debts will be paid by transferring a
46.73% stake in Nairit-2 CJSC to the Government of the Republic of
Armenia, decided the Armenian government in its cabinet today.
The RA Government website states [AM] that 11 companies merged in 1998
to create Haygazard CJSC. The real assets of the gas system were
invested into the authorized capital of the newly created
ArmRusGazprom, while the not collected receivable and payable debts
were transferred to Haygazrd's balance.
Today's government decision stipulates that the debts and obligations
will be fulfilled by several of the company's assets, including
transferring 46.73% stake in Nairit-2 CJSC to the Armenian government.
At the same time, some of Haygazard's debts to the Vorotan Hydro
Cascade (which was recently sold to the US company ContourGlobal) will
be paid by transferring a 53.27% share in Nairit-2 CJSC to the Vorotan
Hydroelectric Power Plant Complex.
In accordance with the decision, with the transfer of its assets,
Haygazard fulfills its obligations to the RA Ministry of Finances and
Vorotan Hydro Cascade.
http://www.epress.am/en/2014/07/24/debts-to-vorotan-hydro-cascade-paid-with-stake-in-nairit-2.html