ZHOGHOVURD: OFFSHORE COMPANY LICENSED TO BUILD HYDROPOWER PLANT IN ARMENIA
09:50 * 20.08.14
Below is the paper’s comment on a government decision to grant a
foreign company (which it claims is registered in an offshore zone)
a license to build a hydropower plant in Armenia.
“The Armenian authorities demonstrate a special inclination to
offshore businesses.
“At its meeting on August 14, the cabinet made a decision to approve
the Anaklia IEP Holdings’ plan to build a 540 MWt hydropower plant
in Armenia. Under the deal, the company was to make an investment
of $600 million. But what strikes attention is the fact that this
company’s activities are not absolutely ‘pure’. Zhoghovurd has found
that the company, considered British, is registered in an offshore
zone in the Virgin Islands.”
Armenian News – Tert.am
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