RUSSIAN COMPANIES ARE INTERESTED IN ENERGY MARKET OF KARABAKH

Lragir, Armenia
Dec 6 2006

We have learned that the representatives of some Russian companies
have visited Karabakh to study the local energy sector. The minister
of territorial management and development of infrastructures Armo
Tsatryan told the Karabakh Open that there are Russian companies
which are conducting a survey of the energy sector of Karabakh to
make investments in small water power plants, because the Karabakh
party is interested in negotiating over this.

"But there have been no definite proposals from any company and there
are no arrangements," said the minister. According to the minister,
after the privatization of the Distribution Networks of Armenia last
year the companies initiated a visit to Karabakh, and during the
recent visit besides the territories they also conducted a survey
of Artsakhenergo.

It is notable that at the moment Azerbaijan is making efforts to
reject the Russian gas and seek for alternative sources. Will the
Russian companies appear in Karabakh? After all, the energy generated
in Karabakh can be sold in Iran.