Bill on nationalization of Electric Networks of Armenia submitted to  parliament - premier 

ArmInfo.  "Electric Networks of Armenia" with its activities has led to an energy crisis in the country. This was stated by RA Prime Minister Nikol Pashinyan in a  conversation with journalists on June 18.

According to him, a month ago he instructed the responsible persons  to sort out the situation around the networks. The company must  either compensate the damage caused to the population, state  structures and the private sector within a month, or be subject to  urgent nationalization. A draft law on the nationalization of  Electric Networks of Armenia CJSC has already been submitted to the  National Assembly of the Republic of Armenia.

"For this reason, my post on social networks about the need to  nationalize the CJSC is not accidental. Its work cannot but please  anyone. In almost every settlement I visited, the same thing was  heard: as a result of power outages and power outages, either a  washing machine or a TV burned out. This raises the question of who  should be held responsible for all this?" - the head of government  said, pointing to numerous cases of power outages. Pashinyan noted  that some are trying to use the AAC's protection as a screen to  justify the problems the company has. 

The Tashir Group of Companies, headed by Samvel Karapetyan, acquired  Electric Networks of Armenia CJSC from Inter RAO in September 2015.  Earlier, Samvel Karapetyan noted that since 2016, when Tashir Group  of Companies acquired ownership of Electric Networks of Armenia, a  total of about $900 million has been invested, $680 million of which  was for modernization and $200 million for the creation of new  capacities.