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Armenian Government Negotiating On New Operator For Nairit Plant

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  • Armenian Government Negotiating On New Operator For Nairit Plant

    ARMENIAN GOVERNMENT NEGOTIATING ON NEW OPERATOR FOR NAIRIT PLANT

    Tert.am
    31.10.11

    The Armenian government considers it important that EurAsEC issued
    its loan after the operator for the Nairit plant has been found,
    lest the government take additional risks, Armenian Prime Minister
    Tigran Sargsyan said at the first economic conference held by the
    Republican Party of Armenia (RPA).

    "Last year the Armenian government applied to the EurAsEC anti-crisis
    fund for discussing a modernization program for Nairit. The program
    will be thoroughly discussed. The ant-crisis fund sent experts to
    Armenia who studied the country's chemical industry and drafted a
    comprehensive document to accurately estimate the prospects and place
    of Nairit in the industry. At present, we need an operator ready to
    manage Nairit.

    "We are now negotiating for the huge sums to be provided to a reliable
    partner with professional experience in this field. On the other
    hand, the government must be secured against extra expenses. When
    the work is completed, we will present it to society. The problem
    has so far remained unsolved because Nairit is a large plant. It is
    a promising enterprise and can be developed in various directions,"
    Premier Sargsyan said.

    The government is discussing with a German company developing a
    technical business program. "We are also negotiating with a number
    of other companies, as well as with the International Monetary Fund
    and World Bank," the Armenian premier said.

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