DISTRIBUTION NETWORK TO RAO EES

Lragir.am
19 July 06

The Public Services Regulatory Commission unaninimously decided July
19 to allow Midland Resources owning Electric Network of Armenia to
sell 100 percent of shares of the Electricity Distribution Networks of
Armenia to Interenergo, a company of Russian RAO EES. Samvel Arabajyan,
member of the Public Services Regulatory Commission told ARKA News
Agency that conditions connected with the Electricity Distribution
Networks of Armenia do not change, it is simply transferred from one
company to another. Anatoly Vagner, deputy executive director of Inter
RAO EES announced that the company will invest 7 million dollars in
the network within the upcoming month. The money will be directed
at modernization of equipment.