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  • Liquidation Of Russian Energy Holding RAO EES Not to Have Impact on

    LIQUIDATION OF RUSSIAN ENERGY HOLDING RAO EES NOT TO HAVE IMPACT ON ACTIVITIES OF "ELECTRIC NETWORKS OF ARMENIA"

    ARKA
    July 31, 2008

    YEREVAN, July 31. /ARKA/. Liquidation of the Russian energy holding
    RAO EES Russia will not have impact on the activities of "Electric
    Networks of Armenia" closed joint stock company, the General Director
    of the Armenian company Yevgeniy Gladunchik told journalists.

    The liquidation of the Russian company was not an unexpected event:
    it was planned and was being implemented during several years,
    Gladunchik said. He added that the Russian INTER RAO EES, who was
    the daughter company of RAO EES Russia and Rosenergoatom concern,
    remains the full owner of "Electric Networks of Armenia"

    The full package of the shares of INTER RAO EES was transferred to
    the balance of the state corporation "Rosatom" under the decree of
    the Russian President in April, Gladunchik said.

    Russian INTER RAO EES holds 100% of the shares of "Electric Networks
    of Armenia" CJSC. Distribution and sale of electricity is the main
    activity of the company. The company provides services to approximately
    913,000 consumers.
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