PSRC approves one billion drams bank guarantee to Electrical Networks of Armenia

PSRC approves one billion drams bank guarantee to Electrical Networks of Armenia

YEREVAN, May 14. / ARKA /. Armenia’s Public Services Regulatory Commission (PSRC) has approved today a one billion drams bank guarantee granted to the Electrical Networks of Armenia by the Russian-owned VTB Bank (Armenia).

On April 16 the Electrical Networks of Armenia was penalized by the PSRC in the amount of 5 million drams for violating the procedure for transfer and accumulation of funds on special and warranty accounts.

The Electrical Networks of Armenia is a 100% subsidiary of Russian INTER RAO UES. The company has an exclusive license for transmission and distribution of electricity in the territory of Armenia. It has more than 967,000 customers and 7,800 people on its payrolls. ($ 1 - 413.35 drams). -0 -

15:49 14.05.2014

Comments (0)




 

« November 2014

Mon
Tue
Wed
Thu
Fri
Sat
Sun
 
 
 
 
 
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Username:
Password:

Registration
If you are new on the site, please fill out the registration form.

Enter the website you can use your account on any of the following services.

×