Sale of Shares of "Artsakh HEK" OJSC Begun

NKR Government Information and
Public Relations Department

March 05, 2009

Yesterday, the ceremony of public distribution of the shares of
"Artsakh HEK" OJSC took place in Stepanakert. For the first time in the
NKR an attempt was made to involve the society in a great investment
programme. On the whole, "Artsakh HEK" took out for sale shares at cost
of 3.5 mlrd drams, this sum will be allotted to the construction of new
small hydro-electrical stations in Artsakh. The nominal value of a
share is equal to 1050 drams.

In his speech the NKR Prime Minister Ara Haroutyunyan noted that this
bold economic programme, which will give an opportunity to secure great
production of electrical energy during the forthcoming years, more than
required by the NKR internal demand, so, that part of it will be
exported, is fully realizable.