Inter RAO selling Electric Networks of Armenia to Tashir Group

Inter RAO selling Electric Networks of Armenia to Tashir Group

PanARMENIAN.Net - Inter RAO inked a deal to sell the Electric Networks of Armenia (ENA) and Hrazdan thermal power plant to Tashir Group. The transaction will be completed after the Armenian government’s and the Public Services Regulatory Commission’s (PSRC) approval, Vedomosti reports citing Interfax.

However, almost immediately after the statement was issued, Inter RAO asked Interfax to annul the message, as “the press release was published by mistake.” It is noteworthy that the company did not refute the fact of the sale, but only announced an unintentional disclosure of the transaction.

The government of Armenia resolved on September 17 to alienate 100% of the Electric Networks of Armenia (ENA) shares.

As Minister of Energy and Natural Resources Yervand Zakharyan noted, Ministers of Justice, Finance, Economics, Energy and Natural Resources were assigned to study relevant documents within three days to present a conclusion.

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