Monday, 8 June 2015
Amended, finalized contract of sale of property of Vorotan Hydroelectric Complex signed in Government
Attended by Prime Minister Hovik Abrahamyan, the amended and finalized contract of sale of property of Vorotan Hydroelectric Complex was signed in the Office of Government between the Republic of Armenia, Vorotan Hydroelectric Complex, Contour Global Hydro Cascade, Contour Global Terra Holdings and CG Solutions Global Holding Company.
The document was signed by Minister of Energy and Natural Resources Yervand Zakharyan, Contour Global Hydro Cascade and Contour Global Terra Holdings companies’ authorized person/representative and CG Solutions Global Holding Company Chief Executive Officer Joseph Brandt, Vorotan Hydroelectric Complex CEO Sasun Khachatryan.
Prior to the signing ceremony, Prime Minister Hovik Abrahamyan received CG Solutions Global Holding Company Chief Executive Officer Joseph Brandt. The Prime Minister welcomed the signing of the contract of sale of property of Vorotan Hydroelectric Complex as an important step towards strengthening bilateral economic relations.
In terms of expanded economic ties between the two countries, the Prime Minister highlighted the signing of the Trade and Investment Framework Agreement in Washington, DC in the month of May, which creates favorable conditions for attracting investment, promoting trade and trade turnover.
Joseph Brandt described the signing of the contract of sale of property of Vorotan Hydroelectric Complex as unprecedented and stressed that they are interested in making large-scale investment in order to upgrade and put into full-fledged operations Vorotan Hydroelectric Complex.
Both sides expressed mutual appreciation for effective joint work and reaffirmed their readiness to continue endeavoring along the lines of transparent and constructive partnership.
