Samvel Karapetyan (left) with President Serzh Sarkisian and Yerevan Mayor Taron Markaryan at the opening of Tashir Group’s new mall in Yerevan on Nov 13
YEREVAN—The Tashir Group of Companies, which is owned by Russian-Armenian tycoon Samvel Karapetian, announced that it plans to invest $1 billion in Armenia’s energy sector, in partnership with Armenia’s Investors’ Club and international financial organizations. It was also announced that the investment will create around 2,500 jobs.
Tashir Group Vice President Karen Darbinyan said the investment program will target two aspects of the energy sector—distribution networks and energy production—adding that the most important part of the project will be the investment made for the construction of the Shnogh Hydroelectric power plan, with an approximate cost of $200 million.
“Soon $900 million will be directed for the installation of electricity calculation devices and reconstruction of electric-energy infrastructures in ‘Armenia’s Distribution Networks,’â€
