“This deal was conducted in accordance with the decision, which was reached at the government session on November 21, 2013, on approving the agreement on the sale and purchase of Vorotan’s property. Moreover, the draft decision was kept secret until the end.
“Incidentally, another decision on the Vorotan HPP, [and] on increasing the charter capital, was adopted at the government session on November 21. So, four reservoirs, worth over 89 million drams [approx. $216,277], were returned to Vorotan and likewise sold to the American company.
“But this sale runs contrary to the Armenian Law on National Water Plan, pursuant to which the water systems of national significance are not subject to privatization,” Zhoghovurd writes.
