YEREVAN. – The Armenian government has done everything to restore Nairit chemical plant and will continue doing so, Energy Minister Yervand Zakharyan said during hearings on Tuesday.
“We continue looking for possible investor, but we have not found yet, unfortunately. The plant is in a difficult situation, but we will look for possible options to restore it,” he assured.
In 2006, Armenia sold 90 per cent of Nairit company’s shares to the British Consortium Rhinoville Property Limited for $40 million. Since then the company hasn’t practically appeared before the public or press. In 2006 the CIS Interstate Bank opened a $70 million credit for Rhinoville.The Armenian government owes 10 percent of the shares.
