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 | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |