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    Categories: News

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.

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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