A Russian energy company on Monday denied reports that it is holding negotiations on the sale of Armenia's troubled power distribution network owned by it amid continuing protests in Yerevan sparked by a controversial rise in electricity prices.
"Right now we are holding no negotiations on the sale of the Electric Networks of Armenia (ENA)," a spokesman for the Inter RAO group told the Interfax news agency.
Citing unnamed sources in Moscow and Yerevan, the Russian daily "Kommersant" reported on Sunday that Inter RAO is negotiating with Russian-Armenian businesspeople interested in buying the ENA. The paper singled out Samvel Karapetian, an Armenia-born billionaire whose Tashir Group conglomerate comprises several regional electric utilities in Russia.
Armenian News
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