PSRC approves sale of Electric Networks of Armenia to Tashir GroupOctober 1, 2015 - 11:46 AMT PanARMENIAN.Net - Public Services Regulatory Commission (PSRC) of Armenia approved unanimously the sale of 100% shares of the Electric Networks of Armenia, belonging to Inter RAO. The company will be sold to Cyprus-based Liormand Holding Limited, affiliated with businessman Samvel Karapetyan's Tashir Group. The decision, in particular, states that the Electric Networks of Armenia has to submit sale documents to the PSRC within two weeks. Previously, Tashir Group confirmed the purchase of the Electric Networks of Armenia and Hrazdan thermal power plant. “In order to support the population, we decided, at the expense of personal funds and on parity with the Armenian government, to compensate the difference between the previous and current tariffs for households and small businesses for a whole year,” Karapetyan said. #ElectricYerevan Electric Networks of Armenia (ENA) submitted a bid to the Public Services Regulatory Commission (PSRC) demanding to raise energy price by AMD 17 ($0.036). During the June 17 session, PSRC partially satisfied the bid raising the tariffs to AMD 6,93 ($0.0146) from August 1, causing major public outrage. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |