July 13, 2005 - 09:45 AMT
WB URGES TO CLARIFY SITUATION WITH ARMENIAN DISTRIBUTION NETWORKS
The World Bank is still demanding precise information on the new owner of the Armenian Distribution Networks, Mediamax agency reported. Armenia Country Manager Roger Robinson noted that according to the data available the State Committee regulating the public services in Armenia requested Midland Resources Company, the owner of the Distribution Networks, to clarify the situation. "If the issue is not clarified within several days I am going to meet with the members of the Armenian government", Roger Robinson stated. To remind, June 30 RAO UES of Russia announced of the intention to purchase the Armenian Distribution Networks via its branch with $73 million. Meanwhile the Press Secretary of the Distribution Networks assures that the company was conveyed to the trust management of the RAO UES.