17/06/2014 16:42
Vorotan Hydro Cascade sale transaction not completed yet
The sale transaction of Vorotan Hydro Cascade is not completed yet, Chairman of Public Services Regulatory Commission Robert Nazaryan said today.
“Tomorrow we will extend Vorotan’s license,” he said noting that the agreement on Vorotan Hydro Complex sale and the transaction are not completed.
On November 27, 2013 the Commission gave consent for the sale of Vorotan Cascade to Contour Global Hydro Cascade, a U.S. company. The decision was severely criticized.