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Russian Company Permitted To Acquire Hrazdan Hydropower Plant's Shar

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  • Russian Company Permitted To Acquire Hrazdan Hydropower Plant's Shar

    RUSSIAN COMPANY PERMITTED TO ACQUIRE HRAZDAN HYDROPOWER PLANT'S SHARES

    Tert.am
    11.05.11

    The Public Services Regulatory Commission has permited the Russian
    company INTER RAO UES to purchase the shares of Hrazdan's hydro-power
    plant.

    The plant had transferred 100% of its shares to the Russian Rosneftgaz
    in 2009. The deal, along with transfers from 78 other natural gas
    companies had helped the Russian governemnt to increase the company's
    assets. The owner of the Hrazdan hydropower plant is the Russian
    Federal Agency for State Property.

    In 2004, Armenia had handed over the hydro-power plant to the Russian
    governement under the Property for Debt program.

    The Russian Federal Agency for State Property is a 100% shareholder
    of Rosneftgaz.


    From: Baghdasarian
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