THE NATIONAL ASSEMBLY OF ARMENIA ADOPTED TODAY IN THE FIRST READING THE BILL ABOUT THE PRIVATIZATION OF DISTRIBUTIVE POWER NETWORKS

26.07.2000, MEDIAMAX, YEREVAN. Today at the special session the National Assembly of Armenia adopted the bill about the privatization of distributive power networks of the country.
64 deputies were “pro”, 37 – “con”, with five abstentions.
On July 18 the minister of energy of Armenia said that four companies will participate in the tender for privatization of the distributive networks – the American “AES Silk Road”; the Swiss “ABB”; the French “Electricite de France” and the Spanish “Union Fenosa”.
51 % of shares will get the strategic investor, 20 % – the European Bank of Reconstruction, 20 % will remain as state property, 5 % will be sold at the stock and 4 % will be distributed among the staff of the power systems. -0-