THE RUSSIANS BOUGHT THE "ELECTRIC POWER NETWORK"
A1+
[01:20 pm] 27 September, 2006
The "Electric power network of Armenia" has a new owner. Russian
company "Inter RAO EES" paid 73 million USD for it. British company
"Midland Resources" handed the stock to the Russians yesterday. The
representatives of "Inter RAO EES" arrived in Armenia in order to be
present at the ceremony.
It is noteworthy that the new owner of the "Electric power network
of Armenia" intends to invest 20 million USD in the company till the
end of the next year.