ELECTRICITE DE FRANCE REFUSED TO TAKE PART IN THE TENDER FOR THE PRIVATIZATION OF THE DISTRIBUTIVE POWER NETWORKS OF ARMENIA

14.12.2000, MEDIAMAX, YEREVAN. The French Electricite de France (EDF) refused to take part in the tender for the privatization of the distributive power networks of Armenia, a tender commission source told Mediamax.
The source didn’t specify the reason of the company’s refusal. Now, after EDF’s refusal, three companies are pretending to the privatization of the 4 distributive power networks of Armenia: the Spanish “Union Fenosa”, the American “AES Silk Road” and the Swiss-Swedish “ABB”
The winner of the tender for privatization of 4 distributive power networks of Armenia will be announced by February 28, 2001, while the process will end in March 2001.
On December 5 the Government of Armenia and European Bank of Reconstruction and Development (EBRD) signed an agreement on direct sale of 19.9% of shares of each of the 4 distributive power networks of Armenia, presented in the international tender. -0-