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ARMENIAN MINISTRY EXTENDS DEADLINE FOR CHOOSING OPERATOR FOR NAIRIT SYNTHETIC RUBBER PLANT
/ARKA/
June 17, 2011
YEREVAN
YEREVAN, June 17. / ARKA /. Armenian ministry of energy and natural
resources has extended the deadline for foreign companies wishing to
take part in a tender announced by the government to choose a company
to run Nairit synthetic rubber plant until June 30, the plant said
in a statement posted on its official website. The previous deadline
expired June 15.
"The shareholders and creditors of Nairit are ready to consider
offers from companies which have the necessary capacity to handle
such large-scale projects," the statement says.
Earlier the minister said the cost of modernizing Nairit synthetic
rubber plant in Yerevan and bringing it into line with international
standards may amount to $400-500 million. The plant owes $120-$150
million to foreign banks and $20-$25 million to Armenian banks.
Nairit plant was closed in 1989 for ecological reasons, but resumed
partial operation in 1992-93. In 2006 some 90 % of its shares were
sold to a British-registered Rainoville Property Limited at $40
million. The remaining 10% is held by the Armenian government.
/ARKA/
June 17, 2011
YEREVAN
YEREVAN, June 17. / ARKA /. Armenian ministry of energy and natural
resources has extended the deadline for foreign companies wishing to
take part in a tender announced by the government to choose a company
to run Nairit synthetic rubber plant until June 30, the plant said
in a statement posted on its official website. The previous deadline
expired June 15.
"The shareholders and creditors of Nairit are ready to consider
offers from companies which have the necessary capacity to handle
such large-scale projects," the statement says.
Earlier the minister said the cost of modernizing Nairit synthetic
rubber plant in Yerevan and bringing it into line with international
standards may amount to $400-500 million. The plant owes $120-$150
million to foreign banks and $20-$25 million to Armenian banks.
Nairit plant was closed in 1989 for ecological reasons, but resumed
partial operation in 1992-93. In 2006 some 90 % of its shares were
sold to a British-registered Rainoville Property Limited at $40
million. The remaining 10% is held by the Armenian government.