Government to study contract about alienating “Electric Networks of Armenia” to “Liormand Holdings Limited”
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YEREVAN, SEPTEMBER 17, ARMENPRESS. Republic of Armenia Minister of Energy and Natural Resources, Minister of Justice, Minister of Economy and Minister of Finance were instructed to study and give conclusion on the contract of 100% share alienation of “ElectricNetworks ofArmenia” CJSC being signed between “Liormand Holdings Limited” and “INTER RAO HoldingB.V” companies.
Minister of Energy and Natural Resources Yervand Zakharyan said during Government session that “INTER RAO HoldingB.V” company applied to the Government of the Republic of Armenia with the intention of alienating 100% shares of “ElectricNetworks ofArmenia” CJSC owned by it to “Liormand Holdings Limited”.
“Armenpress” reports that Republic of Armenia Government instructed the interested parties (Minister of Energy and Natural Resources, Minister of Justice, Minister of Economy and Minister of Finance) to study “Liormand Holdings Limited” company’s compliance with standards of principles, negotiate and develop a draft agreement according to which “Liormand Holdings Limited” company will fully assume all the obligations arising from the contract of share sale of “ElectricNetworks ofArmenia” CJSC signed between Republic of Armenia Government and “Midland ResourcesHoldingLtd” on August 26, 2002.
“INTER RAO HoldingB.V” company applied to the Government of the Republic of Armenia with the intention of alienating 100% shares of “ElectricNetworks ofArmenia” CJSC owned by it to “Liormand Holdings Limited”.