Friday, April 6 2018 17:16
Naira Badalian

Public Council: Restarting the Nairit chemical plant will be possible only within the framework of public- private partnership

Public Council: Restarting the Nairit chemical plant will be possible only within the framework of public- private partnership

ArmInfo. The Public Council will study the current potential of the Yerevan-based Nairit Chemical Plant and present realistic solutions to the current situation around the enterprise. This was reported by the press service of the department.

According to the information, the Commission on Financial, Economic and Budgetary Affairs of the Council held a working meeting on the possible restart of the scientific and industrial enterprise Nairit on 6 April with the participation of interested parties. The chemical plant's ex- workers, who offered to restart Nairit, as noted, organized the discussion, on the basis of a statement. In particular, the ex-director of the company Levon Shahverdyan (who ran Nairit in 2005 for a year and a half) considers realistic the resumption of the work of the enterprise and is actively pursuing possible investors in restarting the plant.

Meanwhile, the bankruptcy trustee, representing the process of bankruptcy of the enterprise, said that negotiations on attracting possible buyers are continuing for today. Nevertheless, the lack of interest on their part, as he pointed out, may be explained by the extreme deterioration of equipment at the enterprise and inconsistency with current trends, which for the investor implies additional financial costs.

Head of the commission Vazgen Safaryan suggested setting up a working group that will study available resources of the enterprise and propose realistic solutions. According to Safaryan, the restart of the chemical plant will be possible only on the basis of public-private partnership. "As a result of the discussions, a document will be prepared that will be submitted to the government court," the Public Council's press service reported.

The chemical giant of Armenia - the plant "Nairit" is idle since March 2010. The enterprise completely stopped working in 2014. The total debt of the enterprise approached the mark of 50 billion drams (about $ 130 million). The court of Yerevan's Shengavit administrative district at the end of November 2016 declared Nairit Plant CJSC bankrupt on the basis of the suit filed by the Electric Network of Armenia. In general, the plant has 292 lenders. The largest lenders are the Ministry of Finance of Armenia (about 11 billion drams), the State Revenue Committee (10 billion), Yerevan Thermal Power Plant, Gazprom Armenia (about 23 billion drams) and Nairit-2 (6 billion drams), which and entered the board of creditors.

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