Tashir Group Vows to Modernize Electric Networks and Eliminate Corruption

Head and owner of Tashir Group, Samvel Karapetyan (Source: Armenpress)
Head and owner of Tashir Group, Samvel Karapetyan (Source: Armenpress)

Head and owner of Tashir Group, Samvel Karapetyan (Source: Armenpress)

YEREVAN (ARKA)—Tashir Group, the new owner of the Electric Networks of Armenia, intends to modernize the company and root out corruption, Tashir Group President Samvel Karapetyan said in a statement posted on the official website of the Electric Networks.

The purchase deal was sealed by Tashir Group and Inter RAO on September 30, 2015 and has already been approved by the Armenian government and the Public Services Regulatory Commission.

The Electric Networks will continue fulfilling its contractual obligations to the full extent while Tashir Group has assumed all obligations related to the company management.

Karapetyan says Tashir will run the company transparently, and its management will be understandable to the public.

He points out the implementation of a bailout plan, financial activity optimization, improvement of services and control over financial and economic activities by introducing advanced technologies as top-priority objectives for developing the company.

“First of all, we are going to modernize the infrastructure of power-supplying networks by making effective investments,” Karapetyan said in his statement. “We will combat vicious phenomena, corrupted employees and unfair consumers in an uncompromising way.”

He also adds that the new managers will cut the company’s expenses by mobilizing inside resources and lessening electric energy losses. As a result, Tashir will attempt to avoid further increases in electricity prices.

“[The] interests of three million people are surely important to us, and they can’t be compared to [the] benefit or interests of some corrupted employees and unfair consumers,” he said.

Karapetyan also said that he personally would subsidize the difference between the previous and current price for electricity for consumers and small businesses, as well as using government funds on a parity basis.

“We are ready for new approaches, a new quality of work and honest and constructive partner relations,” he says.

The Electric Networks of Armenia is the sole distributor of electric energy in Armenia. The company also exports electric power to Georgia and the Nagorno-Karabakh Republic.


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  1. Mkhitar Yepremyan said:

    Good job Samuel Karapetyan and goog luck and thank you.
    These are few suggestions if you wish to be solvent:
    1- Get all of your money invested for this network from the biggest crook in our government ” Sarz Sarksyan. ”
    2- Get all of the oligargs and all of them who are sucking the public’s blood out of your network.
    3- You seem to be honest and caring. Buy a one way ticket for our biggest crook ” Serz Sarksyan ” to where ever he wishes to go with his band wagon and tell him to stay there. You can also purchase a ticket for Robert Kocharyan, our body body treator Levon Ter Petrosyan and all of the foreign agents ” you know who the hell their names are ” who are destabilizing the security of Armenia and send them to Hawaai to drink margarita.
    4- Then, when you prove that you are the man of the action, then the Armenian nation, will put you on the throne of leading our beloved Armenia and save our Hayastan from the enemies inside and outside. We do not need elections and we do not need new constitution.
    5- Do not worry about the threat of the Genocidal Turkey and the barbarian Azerbaijan. Our heroic sons and daughters on our front lines and our fedayi eagles in the Armenian Homeland’s skies will take care of these scums.
    6- And then when you prove yourself to be the real man of action, we will build a statue of yours next to our National heruoes, our kings and ishkhans, queens, clergy, dedicated teachers and all other servants of our very dear Hayastan Askhar and tell the whole world that we are the Chosen people of these lands, the owners of these Holy lands and tell our enemies and all of them that Never Again!

  2. GB said:

    I am sure Mr. Karapetian will be dealing with many corrupted companies, who control by few corrupted Armenian MPs and government officials. Good luck to Mr. Karapetian and wishing him the best!