Why Will ENA Possible Be Sold to an Offshore Company?
September 25, 13:00

Inter RAO's decision to sell the Electric Networks of Armenia (ENA) to Liormand Holdings Limited offshore company and submit a relevant application to the Armenian Government is a part of a big process.

The offshore company is a middle link and the company will get into the hands of the ultimate owner after the "traces" of the financial fraud are erased. Economists and energy experts have studied the situation of ENA and suppose that the sale process had been planned long before the mass protests against the price hike given that the company was put up for sale after the electricity tariffs were increased.

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