Tashir Group Founder Vows to Make Electric Networks of Armenia Profitable

December 14, 2015
Founder of Tashir Group, Samvel Karapetyan

Founder of Tashir Group, Samvel Karapetyan

YEREVAN (Arka)””Samvel Karapetyan, the founder of Tashir Group, has vowed to develop Electric Networks of Armenia into a profitable company.

Electric Networks of Armenia is a good company and a long-term asset, and run by Tashir Group, it will become far better, he said in an interview with RBC.

It became known in early autumn that Tashir has bought two subsidiaries of Inter RAO UES in Armenia ”“ the Electric Networks of Armenia and Hrazadan Thermal Power Plant.

Before that protests against increase in electric power prices rocked Yerevan.

Tashir is going to share the government commitment to pay the difference between the current and the previous price in citizens’ bills. After that Tashir will embark on economic and technical modernization of the company, RBC reports referring to the information received from Karapetyan.

“On one side, we want to put the company’s things right, and on the other side, we understand that this is a strategic asset that influences investment climate in the country,”

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