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| 18:19:56 | 23-09-2005 | Social |

IS THE MINISTRY INTERESTED?

Today the Power Minister Armen Movsisyan finally gave some information about
the sale of the Armenian power network.

`The company `Midland Resources’ informs they are no more interested in the
power investments in the region, so they turned to us with the request to
pass the network to `RAO EES’, said the Minister. At the same time, he
praised the new customer – the Russian company, `When I was a newly
appointed Minister, everyone remembers the situation in the network –
strikes, etc. The company `RAO EES’ helped the restoration of the system a
lot, and I don’t know what we would do without them’, announced Armen
Movsisyan.

He also claimed that giving the network to `RAO EES’ will not make Armenia
completely dependent on Russia, and the company will act by our rules only,
and will not be able to decide the costs of power.

Asked the question why the costs are not reduced when most part of power is
produced by the atomic power station, which is cheaper, the Minister
answered, «You must ask that question to the Committee regulating public
services».