Armenian Government Chooses U.S. Firm to Probe Electricity Networks

Armenians demonstrate on Yerevan’s Marshal Bagramian Avenue against a controversial electricity price hike (Source: Photolure)

YEREVAN (Combined Sources)””The Armenian government has selected Deloitte & Touche to determine whether a decision by Armenia’s Public Services Regulatory Commission (PSRC) to allow Armenia’s national power distribution company to raise electricity price was economically justified or resulted from alleged corruption and mismanagement.

Deputy Prime Minister Vache Gabrielyan said that the government had sent requests to top international consulting companies to take part in a tender that would select one of them to conduct a probe of the Electricity Networks of Armenia (ENA). Two firms””McKinsey and Deloitte & Touche””responded to the request. Deloitte & Touche was chosen because they reportedly offered a lower commission price for their service.

“Deloitte and Touche is an internationally renowned company, and I think that after their conclusions we will have sufficient grounds to move forward,”