Nelli Babayan, www.aravot.am
Instead of paying funds to special bank account numbers, the Armenian Electrical Networks paid funds to its another banking account. The Public Service Regulatory Committee fined the Armenian Electrical Networks for 20 million AMD. The committee meeting lasted only five minutes: Company Head Yevgeny Bibin didn’t attend it. Committee Chairman Robert Nazaryan asked the AEN representative why Bibin didn’t attend it, but the representative had no answer to give, he was not aware. The AEN didn’t debit the sums of money charged from electricity consumers to the special account numbers of the company: evading these special accounts the AEN credited the funds to other accounts of the company, where it’s possible to withdraw money at any time. It’s banned to withdraw any money from the special accounts unless the company pays the whole money for the electricity received from the power plants.
Under the committee, the AEN violated the requirement of Clause 4.22 of its license and didn’t pay off its debts to power generating plants on contractual bases.
April 22, 2015 at 15:22