Armenia’s PSRC considers Inter RAO’s statement to be groundless

Armenia’s PSRC considers Inter RAO’s statement to be groundless
# 02 July 2015 12:18 (UTC +04:00)

The statement, spread by the Public Services Regulatory Commission, says that the Commission is ready to prove its position during the discussions with the international consultant as well.

“In this situation we consider it unacceptable to search for a reason of justification for the own failures and shortcomings instead of paying more attention to them”, says the statement.

Earlier it was reported that the complicated situation in the energy field of Armenia where the decision of electricity tariff hike caused mass protests has exceptionally economic and not political reasons. Boris Kovalchuk, chairman of the managing board of Inter RAO told TASS the aforementioned.

He said that insufficient tariff raising in the last 11 years, overhaul of the Metsamor power plant, as well as the decline of production by hydro power plants of Armenia led to the situation when the electricity distribution system of the country lost 37 bln drams ($77.5 mln).

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