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PM: Artsakh Hydropower OJSC IPO will stimulate Armenia's economy

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  • PM: Artsakh Hydropower OJSC IPO will stimulate Armenia's economy

    Armenian prime minister: Artsakh Hydropower Plant OJSC's entry into IPO
    market to give a fresh impetus to stimulation of Armenia's economic
    development


    2009-03-20 22:29:00


    ArmInfo. Artsakh Hydropower Plant OJSC's entry into IPO market will
    give a fresh impetus to stimulation of Armenia's economic development,
    Armenian Prime Minister Tigran Sargsyan said during the presentation of
    public offering of Artsakh HPP, Friday. The Armenian governmental
    press- service quotes T.Sargsyan as saying: "The start given today to
    investors to purchase the HPP's shares may give serious signals to
    investors and the society, as well as mark the beginning of activation
    in the financial market. I want to emphasize with content that the
    given initiative belongs to Nagorno-Karabakh, I am sure that it will
    serve its goals. The given project has a number of advantages and is
    attractive for investors. In any crisis situation the most reliable
    investments are those made in infrastructures", - he said.

    Artsakh HPP was founded on 1 November 2007. The NKR Government is the
    owner of 100%-shares of the company. The latter generates electric
    power by means of Sarsang HPP.
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