Armenian prime minister: Artsakh Hydropower Plant OJSC’s entry into IPO
market to give a fresh impetus to stimulation of Armenia’s economic
development

2009-03-20 22:29:00

ArmInfo. Artsakh Hydropower Plant OJSC’s entry into IPO market will
give a fresh impetus to stimulation of Armenia’s economic development,
Armenian Prime Minister Tigran Sargsyan said during the presentation of
public offering of Artsakh HPP, Friday. The Armenian governmental
press- service quotes T.Sargsyan as saying: "The start given today to
investors to purchase the HPP’s shares may give serious signals to
investors and the society, as well as mark the beginning of activation
in the financial market. I want to emphasize with content that the
given initiative belongs to Nagorno-Karabakh, I am sure that it will
serve its goals. The given project has a number of advantages and is
attractive for investors. In any crisis situation the most reliable
investments are those made in infrastructures", – he said.

Artsakh HPP was founded on 1 November 2007. The NKR Government is the
owner of 100%-shares of the company. The latter generates electric
power by means of Sarsang HPP.