Special Investigative Service unveils more details regarding detention of former Yerevan mayor

0
67

YEREVAN, August 7. /ARKA/. Ex-mayor of Yerevan Robert Nazaryan, who served also as head of the Public Services Regulatory Commission (PSRC), was detained on suspicion of abuse of office, the press service of the Special Investigation Service (SIS) said.

According to SIS, on September 16, 2011, without conducting proper research, a change was made to the government’s decision regarding the maximum capacity of small hydropower plants. Under the change the maximum capacity threshold was increased from 10 MW to 30 MW.

That was done in order to provide benefits to the Dzoraget Hydro LLC, owned by persons affiliated with ex-president Serzh Sargsyan’s son-in-law, former Armenian ambassador to the Vatican Mikael Minasyan. The change was done under the pretext of developing small hydroelectric power plants in the country.

On September 28, 2011, the PSRC made a decision according to which the HPPs of Dzoraget Hydro LLC were awarded preferential tariffs designed for small HPPs. At the same time, no other hydropower plant with a capacity of 10-30 MW has been built in Armenia since then.

According to SIS, as a result of these actions, the company received additional 7.1 billion drams (about $14.6 million) in profit.

Robert Nazaryan held various government positions, including the position of deputy minister of energy, minister of transport and communications. In 2001-2003, he was the mayor of Yerevan, after which, from 2003 to July 2018, he served as chairman of the Public Services Regulatory Commission.-0-

LEAVE A REPLY

Please enter your comment!
Please enter your name here