Electric Networks of Armenia out for sale

The Armenian Government approved a draft decision today on the sale of the 100% of shares of the Electric Networks of Armenia CJSC to Liormand Holding Limited.

The Government has assigned the Ministers of Energy and Natural Resources, Justice, Finance and Economy to study all documents and present a conclusion.

INTER RAO Holding B.V. had earlier informed the Armenian Government about the intention to expropriate 100% of its shares of the Electric Networks of Armenia.