On April 23 Armenian President Serzh Sargsyan visited Cascade Holding, which is a member of Tashir Group of companies and is located on the territory of Shengavit administrative district, the President particularly attended the opening of the enterprise on producing high quality electr®-technical equipment.
The President was presented the process of the reforms being held in Electric Networks of Armenia CJSC, the expected results and the program for ENA development in 2016-2020, the press-service of the Armenian president informs.
The President held the meeting with new owner of ENA Samvel Karapetyan, Minister of Energy and Natural Resources of Armenia Levon Yolyan and Chairman of the Public Services Regulatory Commission of Armenia Robert Nazaryan. During the meeting issues related to the presented program and planned activities were discussed. Opening of new enterprises producing modern licensed electro-technical equipment launches the first phase of ENA anti-crisis program.
The first phase aims to modernize equipment of sub-distribution networks, optimize financial operation and strengthen control over financial-economic activities of the ENA CJSC.
20 mln USD was invested for the program implementation. According to the investment program 500 new job places will be created, 2 enterprises will be opened for producing electric meters, as well as devices for recording of automated control systems and recording of electricity. The latter is a joint project with "Systems and Technologies" company, Russian enterprise and leader in this field.