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BCLP Advises RusHydro on Sale of Majority Shareholding in International Energy Corporation to Hrazdan Power

BCLP Advises RusHydro on Sale of Majority Shareholding in International Energy Corporation to OJSC Hrazdan Power Company.

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Bryan Cave Leighton Paisner has advised PJSC RusHydro on the sale of a 90% shareholding in JSC International Energy Corporation to OJSC Hrazdan Power Company. As part of the transaction, OJSC refinanced MEK’s debt obligations to the EBRD and the Asian Development Bank.

JSC International Energy Corporation is an Armenia-based power generation company. According to BCLP, "it operates seven hydropower plants with a combined installed capacity of 561.4 MW or 14% of the country’s total installed capacity. The cascade of hydropower plants produces 8-10% of Armenia’s electricity per year."

BCLP’s team was led by Partners Matvey Kaploukhiy and Oleg Khokhlov and included Counsels Oksana Orlovskaya and Igor Zhivotov.

Bryan Cave Leighton Paisner did not reply to our inquiry on the matter.

 

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