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VOROTAN CASCADE DEAL READY TO BE SIGNED
Lragir.am
Business - 22 April 2015, 12:31
In today's meeting of government revisions were made to the 21 November
2013 decree approving the sale of property of Vorotan Cascade.
In particular, the executive approved the property sales agreement
and the agreement on transfer of property rights revised essentially
for more balanced regulation of relations between the parties. The
new government decree authorized the ministry of energy and natural
resources to sign the foregoing agreements on behalf of the government.
Note that the buyer of Vorotan Cascade is Contour Global Hydro
Cascade CJSC.
Note that handover of property did not take place and the deal was
not completed after signing the sales agreement because the parties
resumed talks on some clauses of the agreement. As a result, some
changes were made to the agreement.
http://www.lragir.am/index/eng/0/economy/view/33967
Lragir.am
Business - 22 April 2015, 12:31
In today's meeting of government revisions were made to the 21 November
2013 decree approving the sale of property of Vorotan Cascade.
In particular, the executive approved the property sales agreement
and the agreement on transfer of property rights revised essentially
for more balanced regulation of relations between the parties. The
new government decree authorized the ministry of energy and natural
resources to sign the foregoing agreements on behalf of the government.
Note that the buyer of Vorotan Cascade is Contour Global Hydro
Cascade CJSC.
Note that handover of property did not take place and the deal was
not completed after signing the sales agreement because the parties
resumed talks on some clauses of the agreement. As a result, some
changes were made to the agreement.
http://www.lragir.am/index/eng/0/economy/view/33967