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YEREVAN. – Even though the audit that was promised almost a month ago and to be conducted at the Electric Networks of Armenia (ENA) CJSC is not yet organized, the government has decided on the fate of the ENA, even without the results of an audit, reported Zhamanak daily.

“Zhamanak has learned that, Prime Minister Hovik Abrahamyan, during a recent meeting with the representatives of his inner circle, informed that the proprietor of the ENA will change by October, and [Russia-based Armenian businessman] Samvel Karapetyan will acquire it. 

“Abrahamyan assured that this agreement was reached with the Russian authorities, at the highest level,” wrote Zhamanak.

Despite numerous protests, the Public Services Regulatory Commission of Armenia recently increased the price of electricity in Armenia by 6.93 drams—instead of 17 drams, proposed by the ENA—, per cubic meter, and this decision will take effect on August 1. But the decision is expected to be followed by an increase in the prices of numerous products and services in the country.

President Serzh Sargsyan, however, stated that the government will cover this price hike until an audit is conducted at the ENA, which supplies electricity to the country’s residents and whose proprietor is the Russian state-owned Inter RAO UES Company. Sargsyan also said should the audit show that the aforesaid increase in electricity tariff is unjustified, he does not rule out returning the ENA to the Armenian government and transferring it to competitive management.

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