SCHEDULE FOR PRIVATIZATION OF ARMENIAN POWER DISTRIBUTIVE NETWORKS WILL BE APPROVED TODAY

PanARMENIAN.Net - 17.10.2000, MEDIAMAX, YEREVAN. The process of privatization of the Armenian power distributive networks is seriously controlled by all the deputy groups of the Armenian parliament and it will be regulated by a special law.

A member of the tender commission for privatization of power distributive networks, deputy of the Armenian parliament Seyran Avagian said in his interview to MEDIAMAX that the schedule for the privatization will be determined at today's session of the tender commission. Mr. Avagian stressed that the representatives of the US Chatborn & Park, which was selected by the Armenian government as its legal advisor and presented the schedule for privatization of the networks, took part at the recent October 13 session of the commission.

The Armenian parliamentarian stressed that Chatborn & Park insists that the Armenian government must enter the parliament with the legislative initiative regarding networks' privatization until January 5, 2001.

Four companies take part in the privatization: the Spanish Union Fenosa, the US AES Silk Road, Swiss-Swedish ABB and French Electricite de France. --0--