By nationalizing ENA, the state will not be able to keep it for long, perhaps privatization again on better conditions. economist

Will the economic consequences of the ENA state recognition, whether the public administration system will be more effective than Tert.am talked to economist Gagik Makaryan on other issues?

According to the economist, a mandatory technical audit must first be made, the system of the system must be clearly assessed and it will be possible to calculate what risks to take on the basis of that data. Without these preliminary steps, it is dangerous to state.

- Mr. Makaryan, the National Assembly adopted a project in the second reading, which it will be possible to state ENA. According to your estimates, what economic consequences may be as a result of the state of ENA?

- The organizations that provide public services in Armenia are very important inside the state, for the people, business, the economy, and it is not accidental that they are regulated by the PSRC. In case of ENA, there are several problems. These problems are also somewhat repeated near Gazprom-Vrellia water, which are in the same system of services. Why, because their commitments before the state and the commission's activities should be monitored with the fact that the systems work well and uninterruptedly.

In the 90s, when ENA was formed, many engineering work was done, then remained at that level. Now there have been enormous work, which aimed at improving the system. They have invested in their own resources, loans, there have been no significant increase in the price of electricity, while in the past, when the Russian side was governed, there were prices.

I list all this in detail because ENA has significant obligations, and when the state wants to be nationalized, of course, it should be executed that the system will work well.

See yesterday something interesting in the National Assembly, when the issue was discussed in the commission, the Ministry of TEC, called the Accreditation, only and all those water lines belong to the state. In other words, they are on the balance of the Water Committee, but 70% of "Veolia" water shows losses. In other words, on the one hand, the state itself is the owner of the sewerage and water lines of these water lines, but there are 70% of drinking water, because the pipelines are old, it is not changed, and so on, and so on.

- Does all this speaks of the fact that the public administration system will not be able to manage ENA more effectively than the private?

- Yes of course. We see Veolia's version under the control of the state, it still has big problems. The question arises, is it?՞There will be no problems if ENA will be nationalized, of course, there will be a burden and additional costs for the state.

In addition, we already have a high-voltage power network with public administration, which also does not shine with efficiency. If the public administration model monitors a system and there are problems there, they will have such problems with the state of ENA. ENA is a very large organization with thousands of employees with a wide infrastructure. If the government does not have a clear program, the system can collapse. The disabled is often attributed to ENA because ENA is the latest supplier, and since electricity itself gives people, everyone is constantly impressing that the ENA and the quality, and so on.

- An additional burden will fall on the state with the state of ENA.

- ENA, some investments, tried to change the system, but the system is very high, it is quite a very difficult system and is quite a large amount of liabilities, it reaches almost $ 700-800 million. In other words, the state, I think that by taking ENA, may not be able to keep it long, perhaps it will try to privatize with better conditions.

- In other words, don't you rule out that the ENA will be replenished now, after a while it will be replenished.

- Yes, it is not ruled out. Can the state take some time to operate, and then try again to sell, maybe other conditions. But in that case, it should be clearly known what system it transfers, with what problems, what price.