ENA company`s license revoked so it could become yet another company  financing Civil Contract party during elections

ArmInfo. The Electric Networks of Armenia company has been stripped of its license so  it could become yet another company financing the Civil Contract party during the elections and to maintain power, as stated by Narek  Karapetyan, coordinator of the "In Our Way" movement and Chairman of  the Board of Directors of the Tashir Capital CJSC.

 "Those were the  Electric Yerevan's time.  People took to the  streets  to protest against rising electricity prices. Like every  summer, Samvel Karapetyan (the arrested president of the Tashir Group  of Companies - ed.) came to Armenia. It seemed to have become a  tradition, and each time we discussed an important issue facing the  country with him. For example, one year he subsidized gas bills for  all citizens of Armenia, a fact that I will talk about later, and it  is not widely known.  During that year, the head of state asked him  to buy Armenia's electricity networks to prevent outages and the  system from freezing due to debt.

 I remember a conversation between my father and my uncle at our  home. My father was against the idea, advising us all not to do it,  He believed that such a sensitive area for the people as electricity  supply cannot not be vulnerable, and people dissatisfied with this  structure, which cannot be ideal, can transfer their dissatisfaction  to the family, and the crumbling company will become a burden for us. 

I remember my uncle's words: even if we don't succeed in improving  the company's situation, we will allocate $15 million a year and  consider it a charity for Armenia. After much discussion,  the  decision was made to acquire it. Through years of hard work, the once  nearly bankrupt company was now among those with a rating higher than  Armenia's state rating according to Moody's. Of course, the work  wasn't and couldn't be perfect; this is an area that will always be  vulnerable. But such a leap from a bankrupt company has its reasons:  sound economic management, calm, quiet, and low visibility. Ten years  have passed, and the local government is grateful to Samvel  Karapetyan. When we say that Pashinyan only thinks of his power, and  Samvel also thinks of you, we are right,"  Narek Karapetyan noted.