Heffern: Vorotan cascade deal would be largest U.S. investment to Armenia
The signing of the deal on sale of Vorotan cascade would give a huge advantage to Armenia and the U.S., United States Ambassador to Armenia John Heffern told reporters on Friday.
According to the Ambassador, this would be the largest U.S. investment to Armenia, and would help diversify the energy sector of the country.
He highlighted the significance of the deal for Armenia from the strategic point of view. “I think the deal will be signed,” Mr Heffern added.
In 2013, Armenia’s Public Services Regulatory Commission approved the deal on selling Vorotan Hydro Cascade to Contour Global.