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TIRASPOL HAS CONFIRMED THAT THE SAINT GIDON INVEST COMPANY IS GOING TO SELL THE MOLDOVAN HYDROPOWER

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Friday, 04 February 2005
INA Tiraspol, February 4, INTERLIC. The Transdniestrian authorities have confirmed that the Saint Gidon Invest Company is going to sell the Moldovan Hydropower station to a daughter company of the RAO EES. As INTERLIC News agency reports, TMR Minister of Economy Elena Chernenko has declared that there is such proposal and the Ministry of Economy has nothing against this transaction under condition that the buyer will undertake a part of the investment obligations (about $80 thousand). The station hopes that the station will be able to buy gas at a cheaper price.
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