Electric Networks of Armenia fined 60 million AMD

The Armenian regulatory body unanimously voted today to fine the Electric Networks of Armenia $60 million AMD for its failure to provide proper services.

Chairman of the Commission Robert Nazaryan declared at today’s sitting that the company has failed to provide proper services to citizens for years. Moreover, it has illegally demanded huge sums for connecting new customers to the power network.

Audit will be conducted at the Electric Networks, but its terms are yet to be determined. However, starting from August 1 there will be changes in the methodology of the company’s work: the technical losses will now be calculated by the Calculation Center CJSC.

Emil Lazarian

“I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS