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Armenian Electric Networks has received $110 million after paying $80 million debt

29.03.2017, 12:56
Armenian Electric Networks, owned by Samvel Karapetyan’s Tashir Group, earned in 2016 the profit amounting to $110 million after repaying a $80 million debt, Zhamanak (Time) reported on Wednesday.

Armenian Electric Networks has received $110 million after paying $80 million debt
YEREVAN, March 29. /ARKA/. Armenian Electric Networks, owned by Samvel Karapetyan’s Tashir Group, earned in 2016 the profit amounting to $110 million after repaying a $80 million debt, Zhamanak (Time) reported on Wednesday. 

According to the newspaper, the Russian entrepreneurs from the Armenian Investors Club, established by Samvel Karapetyan, who intend to pump money into Armenia, are interested only in energy, which is today the most profitable segment of the country’s economy. 

However, the authors of the publication reminded readers that Armenia’s energy sector is monopolized. 

It became known yesterday that on March 29 the Public Services Regulatory Commission will give its permission to Liormand Holding Limited to sell 100% of the assets of its property Hrazdan Energy Organization (Hrazdan Thermal Power Plant) to Tashir Capital. --0---