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Russia set to buy Armenian energy network - paper

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  • Russia set to buy Armenian energy network - paper

    Russia set to buy Armenian energy network - paper

    Haykakan Zhamanak, Yerevan
    1 Dec 04

    The former head of the Russian presidential administration, Aleksandr
    Voloshin, who at present occupies the post of president of the RAO UES
    [Russia's power grid monopoly Unified Energy System] board of
    directors, is visiting Armenia. He met President Robert Kocharyan
    yesterday [30 November]. We got information from the press service of
    the Armenian president that Kocharyan and Voloshin discussed
    Armenian-Russian cooperation in the energy sphere, in particular they
    touched on the programmes implemented by the RAO UES in Armenia.

    It has become known from trustworthy sources that Voloshin has come to
    clarify finally the details of buying the Armenian energy network
    company. It became clear that the RAO UES wanted to buy the Armenian
    energy network in November, when the vice-president of the RAO UES,
    Andrey Rapoport, held negotiations with the management of Midland
    Resources Holding, which is the owner of the Armenian energy
    network. That time it was clear that the bargain would fail because
    from the very beginning the World Bank was against giving the Armenian
    energy network to the Russian company. When selling the network to the
    Midland Resources Holding, the Armenian government signed a contract
    with that company, in accordance with which the company needs the
    consent of the Armenian government to sell the network to a third
    party. If the Armenian authorities consent to sell the network to
    Russia, they will have problems with the World Bank.

    According to our information, to avoid this possible conflict the
    Armenian authorities have persuaded the RAO UES to buy not the
    Armenian energy network but Midland Resources Holding which is the
    owner of the network. In case of striking such a deal, there is no
    need to get the consent of the Armenian government, and the world
    community cannot blame Armenia for giving Armenia's last energy
    fortresses to Russia. Incidentally, after making this bargain only two
    non-Russian facilities will remain in the energy sphere of Armenia:
    the Vorotan cascade and the Yerevan power plant.

    PS. We received information late in the evening yesterday that
    Voloshin also met the director-general of the Armenian energy network,
    Yevgeniy Gladunchik.
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