Armenian government decides not to take AMD 615.2 million from High-Voltage Electric Networks as dividends


YEREVAN, March 1. /ARKA/. The Armenian government decided Thursday at its regular meeting not to take the AMD 615.2 million ($1.3 million) it has received from the High-Voltage Electric Networks CJSC as dividends.

The thing is that the government intends to increase the company’s authorized capital by increasing the nominal cost of the shares.

These dividends were to be paid from the profits received from the construction of the 3rd 400-kV Iran-Armenia electric line.


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