The Armenian government intends to take over the management of Electric Networks of Armenia CJSC, but the move will not necessarily result in long-term state control of the company, Prime Minister Nikol Pashinyan said during a press conference on July 16.
Pashinyan clarified that the nationalisation process does not imply permanent state management. The company, currently owned by the Russian-Armenian Tashir Group, will be subject to a transitional arrangement focused on improving oversight and efficiency, Caliber.Az reports per Armenian media.
“We are talking about outsourcing, but our task is to find the most effective manager while ensuring clear public and state oversight,” the prime minister stated.
Earlier, Pashinyan had announced the government’s intention to nationalise Electric Networks of Armenia as part of broader reforms in the country’s energy sector.
By Sabina Mammadli
Source: caliber.az
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