Boris Kovalchuk, CEO of Inter RAO, said that the protests in Armenian had only economic reasons. In his words, the losses suffered by the Electric Networks of Armenia, a subsidiary of Inter RAO, were the result of poor regulation in the country, TASS reports.
Kovalchuk added that insufficient price rises for 11 years, the reconstruction of the Metsamor Nuclear Power Plant and a reduction of power generation at hydro-electric plants caused a loss of 37 billion drams in income for the distribution network.
Russia's Inter RAO chief sees only economic reasons for protests in Yerevan
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