PRESENTATION OF DISTRIBUTION OF ARTSAKH HPP OJSC’S SECURITIES TAKES PLACE

Noyan Tapan
March 20, 2009

YEREVAN, MARCH 20, NOYAN TAPAN. The presentation of distribution
of Artsakh Hydro-Power Plant (HPP) OJSC’s securities took place at
Yerevan’s Marriott-Armenia Hotel on March 20. The event was attended
by Armenian Prime Minister Tigran Sargsyan and Prime Minister of the
Nagorno Karabakh Republic Ara Harutyunian.

According to the RA Government Information and PR Department,
the securities issued by the company are distributed by Armenbrok
OJSC. Artsakh HPP company plans to spend the money received from
the distribution of shares on construction of several new hydropower
plants in the NKR.

T. Sargsyan called the initiative symbolic not only because it is
organized under conditions of the global financial and economic crisis,
but also because it may start intense activity in the financial market
and, as a result, develop the economy. The prime minister pointed out
the project’s atractiveness to investors, its importance in terms of
assisting the development of infrastructures, which will contribute
to job creation and economic growth in the NKR.