Seeking justification for own mistakes unacceptable: Armenia’s regulatory body to Inter RAO

The Public Services Regulatory Commission deems the position of Inter RAO chief Boris Kovalchuk on the situation around the Electric Networks of Armenia unacceptable. In a statement released today the Commission said it’s ready to prove this during discussions with international consultants.

The Commission insists that the Armenian tariff regulation legislature fully complies with international experience and is widely used worldwide.

“The attempts to seek justifications for own mistakes and omissions is unacceptable,” the statement reads.

Inter RAO Chief Boris Kovalchuk declared earlier that “losses of Electric Networks of Armenia, controlled by Inter RAO, are caused by the existing management system in that country.”

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