Electric Networks of Armenia Archives

Electric Networks of Armenia (ENA) Company filed a lawsuit against Nairit Plant. The company asked the court to declare Nairit bankrupt over the plant’s debt of AMD 1.2 billion. No decision was made so far, even though several court sittings were held. On July 1 the court decided to postpone hearings on the case until September, Panorama.am reports.

“Negotiations are underway with ENA. I think they will yield a positive result, especially as the Armenian government is also interested in the plant’s reoperation. I am sure the government will do its best to re-operate it, even in case of a slight chance,” Nairit Plant’s lawyer Armen Abovyan told Panorama.am.

ENA previously filed a suit against Nairit, but at that time the plant managed to pay its debt. Nairit hopes to repay the current debt as well so as avoid bankruptcy.

YEREVAN. – Electric Networks of Armenia (ENA) CJSC sued Glendale Hills CJSC, requiring to declare it bankrupt, ENA press-service told Armenian News – NEWS.am.

According to the information, Glendаle Hills owes ENA roughly 138 million AMD for electricity. The question is considered in the Court of General Jurisdiction of Yerevan’s Kentron and Nork-Marash Administrative districts, under the supervision of Judge Aleksey Sukoyan.

Comments of Glendаle Hills Company with regard to this matter couldn’t be received.

Besides Glendаle Hills, a number of other companies owe ENA, among them Nairit, Hrazdan Cement, Vanadzor Chemical Plant, Artsakh Energo, Garni and Dzoraghbyur. In fact, some of those companies owe ENA over 1 billion AMD. The debts of Vanadzor Chemical Plant, Nairit and Hrazdan Cement comprise 400 million AMD, that of Garni reaching 46 million AMD.

Armenia News – NEWS.am

Nairit sued by Electric Networks of Armenia, hopes to avoid bankruptcy

Electric Networks of Armenia sues Glendаle Hills over debts