ARMENIA HAS NO RIGHT TO SELL SHARES OF ARMRUSGASPROM AND VOROTAN CASCADE WITHOUT PRIVATIZATION – MP
December 04, 2013 | 18:32
YEREVAN. – Armenia has no right to sell the shares of ArmRusgasprom
and the Vorotan cascade without privatization program, MP Artsvik
Minasyan said.
He recalled that privatization of the Vorotan cascade of hydro power
plants was included in the program in early 2000s, but was excluded
in 2006-2007.
“Twenty percent of ArmRusgasprom shares have never been included
in the program. Then, what is the legal basis for Armenia to hold
negotiations on ArmRusgasprom shares with Gazprom and with Contour
Global on Vorotan cascade,” Minasyan wonders.
In reply, the Minister of Energy Armen Movsisyan said that the law
does not prohibit talks on selling state assets, even if they are
not included in the privatization program
“It’s not about selling but about preliminary agreement. Well, when
it comes to selling, then we will find legal justification with the
help of parliament,” Minister said.