PanArmenian News
July 13 2005
WB URGES TO CLARIFY SITUATION WITH ARMENIAN DISTRIBUTION NETWORKS
13.07.2005 04:45
/PanARMENIAN.Net/ The World Bank is still demanding precise
information on the new owner of the Armenian Distribution Networks,
Mediamax agency reported. Armenia Country Manager Roger Robinson
noted that according to the data available the State Committee
regulating the public services in Armenia requested Midland Resources
Company, the owner of the Distribution Networks, to clarify the
situation. `If the issue is not clarified within several days I am
going to meet with the members of the Armenian government’, Roger
Robinson stated. To remind, June 30 RAO UES of Russia announced of
the intention to purchase the Armenian Distribution Networks via its
branch with $73 million. Meanwhile the Press Secretary of the
Distribution Networks assures that the company was conveyed to the
trust management of the RAO UES.