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U.S. Company Buys Armenia's Vorotan Hydro-Electric Complex for $250 Million

U.S. energy giant ContourGlobal has purchased three hydro-electric power plants in Armenia in a $250 million deal.

The company has purchased the Vorotan Hydro plants for $180 million and plans to invest an additional $70 million to refurbish the Soviet-era built hydro-plants.  

 The Vorotan Hydro Cascade complex is a series of three hydro-electric power plants totaling 405 megawatts on the Vorotan River in south-central Armenia.

It accounts for some 15% of Armenia's power capacity.

The long-term deal was signed today in Yerevan between ContourGlobal and the Armenian government.

Photo: Garry Levesley, Contour Global Executive Vice President and Chief Executive Officer for Eastern Europe; RA Minister of Energy and Natural Resources Armen Movsisyan

#Որոտան կասկադ

Comments (2)

Արեն
Ցավոք, ևս մի մասնիկ մեր հայրենիքի օտարվեց:
Gas
1. Արեն, haskanum em mtahogutyunt, bayc ayd amen@ nor cher otarvac, shurj 10 tari e mi ceri barekecik kianqi hamar er da miayn carayum, u azgi, jorovurdi het voreve kap chuner, nuynisk Goris-i taracqum nman hzor karuyc terakayvac linelov, qaraq@ tarinerov mtutyan mech er (hima el chi paylum arancnapes), nenc vor hayreniqi masnik cher der shat varuc.

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