YEREVAN. – Potential investors of Nairit plant should know what they want.
Armenian PM Karen Karapetyan stated the aforementioned in the parliament on Wednesday, responding to the question of the ruling Republican Party of Armenia (RPA) MP Levon Martirosyan
“It is necessary to abandon the illusions and speak with a pen and paper in one’s hand. The current attempt to revive the plant is the third or fourth in succession. Each of them comes at a high cost to the country and the budget,” Karapetyan added (the wage arrears of the Nairit workers were paid from the revenues of state energy companies).
“This doesn’t mean that the state is washing its hands of: any justified business proposal will be thoroughly discussed. But I get concerned when potential investors come and speak of programs without having forecasts regarding the energy resources. I can’t recall any Nairit investor who would request a forecast from the Armenian authorities, asking on what the gas price will be in the future. This already makes one think, doesn’t it?” Karapetyan said.
In 2006, the Government of Armenia sold 90% of the Nairit plant shares to a British consortium, Rhinoville Property Limited, for $40 million. The investors failed to ap...
Read full story
