  RusHydro to purchase Sevan-Hrazdan cascade of HPPs in ArmeniaDecember 22, 2010 - 16:24 AMT PanARMENIAN.Net - Russian RusHydro OJSC is going to close the deal on purchase of Sevan-Hrazdan cascade of HPPs in Armenia, which belongs to Inter RAO UES. Chairman of RusHydro’s Management Board Evgeny Dod said in an interview with Kommersant paper that the company has reached an agreement with Inter RAO and, hopefully, the company will close the deal on this asset purchase in the near future. According to Dod, the program on complex reconstruction has been agreed with the Armenian government three years ago. As for the amount of investments, it will make around €40mln. “It is our specialization, due to which the property presents interest for us, the more so as we have known Armenia for a long time,” Evgeny Dod.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals  Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation.Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan.Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush.Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |
