19/02/2015 19:42
Armenian government approves text of agreement on Vorotan Cascade sale
At the weekly session today the Armenian government approved the final text of the agreement on the sale of Vorotan Hydro Complex CJSC, the press office of the government reported.
The agreement on the sale of Vorotan Hydro Complex was signed on January 29, 2014. Yet, following the agreement’s signing, the property was not transferred and the deal was not completed as the sides resumed negotiations to discuss some clauses of the agreement, as a result of which it was decided to make changes in the agreement and reformulate some clauses.
The Armenian minister of energy and natural resources is authorized to sign the document on behalf of the government.