The court obliged Nairit Plant to pay more than AMD 1.23 billion, which includes also AMD 160 million fines, to the Electric Networks of Armenia.
On November 14, Armenia`s ministry of energy infrastructures and natural resources announced a tender, with involvement of private investors, to re-launch Nairit chemical plant`s production facilities.
Companies may submit also preliminary projects of the re-launch of the plant’s production infrastructures.
Applications are accepted until January 20, 2017.
Nairit has been standing idle since March 2010. The Armenian government has repeatedly said that the plant will be re-launched as soon as an investor appears.
The re-launch is estimated to cost $200 to $300 million.
Armenia’s Nairit chemical plant recognized bankrupt by court
01 December 2016
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Armenia’s chemical plant Nairit was recognized Wednesday bankrupt by the court of Yerevan’s Shengavit district, AzVision.az reports citing the Armenian media.
