President gets acquainted with Tashir Group’s investment program in Armenia

Today, President Serzh Sargsyan visited the National Polytechnic University of Armenia, where he attended the opening of Cascade Energy-Tashir-ANPU Center for Excellence as set up by Schneider Electric, the internationally renowned French company, the Russian Tashir group of companies and the Armenian National Polytechnic University.

Accompanied by the Minister of Education and Science, the Rector of the Polytechnic University, the President of Tashir group of companies, top executives from Electric Networks of Armenia (ENA) and Cascade Energy companies, the President of Armenia toured the newly opened Innovation Center to inspect with the activities of High and Medium Voltage Distribution Laboratory, the Training Center for Automated Registration and Control System and the facilities available in the auditoriums.

Serzh Sargsyan was briefed on the main results expected from the introduction of the new system. Dozens of students and young researchers were said to be able to develop their professional skills and get acquainted with modern technologies in the field of energy and automation. The Center will also promote the development of science and technology, as well as knowledge-based industry in Armenia.

Within the framework of the project, Tashir charitable foundation will provide scholarships to 55 students with excellent academic performance at the Energy and Electrical Engineering, Mechanical Engineering, Transport Systems and Design institutes in the academic year of 2016-2017.

After visiting the Armenian National Polytechnic University, the President joined the Mayor of Yerevan, the Minister of Economic Development and Investments, other government officials and guests to attend the launch of another Tashir Group project – the opening of the Russian Rio network-affiliated trade and entertainment center in Arabkir administrative district of Yerevan. The nearly USD 40 million-worth project is expected to generate 500 new jobs.

Afterwards, President Sargsyan attended the presentation of Tashir Group’s investment program, held in the Radisson Blu Hotel in Yerevan, where it was announced that jointly with the Armenian Investors Club and international financial institutions Tashir Group intends to invest about USD 1 billion in Armenia’s energy sector over the next few years. During the event, the speakers gave details of resources and ways of implementing the investment program, as well as how realistic it was.

In attendance were representatives of Tashir Group’s international financial partners and other organizations. At the end of the presentation, a document signing ceremony was held between Tashir Company, the ENA and their financial partners.