PENSIONERS AND IRANIANS CAN BE SHAREHOLDERS OF ARTSAKH WATER POWER PLANT

KarabakhOpen
14-05-2008 10:48:29

The news conference of the prime minister was devoted to the energy
sector.

Ara Harutiunyan presented the programs of development of the sector
and said most of them will be implemented by Artsakh Water Power Plant
which was reorganized into an open joint-stock company. The prime
minister underlined that they expect no major investments, therefore
they decided to enable the local people, as well as foreigners to
invest money. Even pensioners will be able to buy shares of the
company. By the way, the value of the company is assessed at 5.6
billion drams.

In answer to our question whether there is a possibility to carry out
a joint project with Iran which has an extended border with Karabakh,
the prime minister said since it will take place through the stock
exchange, and transparency will be guaranteed, everyone will be able
to buy shares, independent from their place of residence.

According to Ara Harutiunyan, the government will hold the controlling
interest.

With regard to the sustainability of the program the prime minister
said there is arrangement with a person who is likely to invest 10
billion dollars. There are other investors too but their names are
confidential.