Electric Networks of Armenia CJSC has new director general

 Karen Haroutiunyan has been appointed Director General of the Electric Networks of Armenia (ENA), Spokesperson of the company Natalia Sarjanyan told ArmInfo.

She said Karapetyan came to replace Yevgeny Bibin, who had occupied the post of ENA director general since 2011. Tashir Group President Samvel Karapetyan introduced the new head of ENA personally.  Karen Haroutiunyan previously worked at ENA management. 

To recall, Tashir Group and Inter RAO signed an agreement of sale and purchase of electric energy assets in Armenia.  The deal was approved by the Armenian Government and was closed after the decision of Public Service Regulatory Commission. The parties agreed that Electric Networks of Armenia and Hrazdan Thermal Power Plant will continue to meet all the liabilities. Tashir Group takes full responsibility for the management of CJSC "Electric Networks of Armenia", said the President of Tashir Group, Samvel Karapetyan.  Future development plans include an anti-crisis program to optimize the Company's financial activities and control its commercial operations, as well as gradual modernization of its distribution network facilities. On a parity basis with the Government of Armenia, the Company will cover part of the electricity costs of the general public and small businesses for the whole of 2015, compensating the difference between tariffs before and after indexation on 1st August 2015.  

Boris Kovalchuk, Chairman of the Management Board of Inter RAO said:  ''We agreed with Tashir Group to close the deal on terms that reflect the fair value of the assets. This approach will enable both parties to secure maximum economic benefit''.