Chorrord Ishkhanutyun: Vorotan Cascade Capital Tops Sale Price

CHORRORD ISHKHANUTYUN: VOROTAN CASCADE CAPITAL TOPS SALE PRICE

09:42 * 04.03.14

Vorotan Cascade, the Armenian hydropower plant sold to a US company
in November, turns out to have a higher capital compared to its real
sale price, the paper has learned.

Citing recently published details from the sale-purchase deal with
Contour Global, the paper says that the balance of the plant’s capital
was about $271,806,500 as of December 31, 2012.

“The report submitted by the company thus reveals that the its capital
is about $90 million more than the sale price of 1$80 that was offered
to the Americans,” the paper comments.

From: Emil Lazarian | Ararat NewsPress

http://www.tert.am/en/news/2014/03/04/chi/

Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.

Direct link to this article: https://www.armenianclub.com/2014/03/04/chorrord-ishkhanutyun-vorotan-cascade-capital-tops-sale-price/

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