Electric Networks of Armenia fined 60 million AMD

The Armenian regulatory body unanimously voted today to fine the Electric Networks of Armenia $60 million AMD for its failure to provide proper services.

Chairman of the Commission Robert Nazaryan declared at today’s sitting that the company has failed to provide proper services to citizens for years. Moreover, it has illegally demanded huge sums for connecting new customers to the power network.

Audit will be conducted at the Electric Networks, but its terms are yet to be determined. However, starting from August 1 there will be changes in the methodology of the company’s work: the technical losses will now be calculated by the Calculation Center CJSC.

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