Armenian Company Wins Georgian Tender

ARMENIAN COMPANY WINS GEORGIAN TENDER

ARMENPRESS
Jan 23, 2008

TBILISI, JANUARY 23, ARMENPRESS: An Armenian company has won an
international tender announced by the government of Georgia for
building a natural gas pipeline in the country’s southern province
of Samtskhe-Javakheti that has a predominantly Armenian population.

The winning company is called Sataha. Under the contract it will
build pipelines to connect the towns of Akhalkalaki and Ninotsminda
and villages of these two regions to the gas network.

The Armenian company offered the best price of $11 million to do the
job and expects the returns in ten years.

The tender was announced by Georgia’s energy ministry in 2007. Besides
the Armenian company two Georgia-based companies fought for the
contract. The energy ministry and the Armenian company are negotiating
now a relevant memorandum.