Armenian Prime Minister became shareholder of Gazprom subsidiary

ArmInfo. Armenia's Prime  Minister Karen Karapetyan has become shareholder of OGK-2 (part of  Gazporm Energy Holding), according to the data of OGK-2. Karapetyan became shareholder on October 26, owning 0.009% of the  company's shares. OGK-2 informs that the shares were given to  Karapetyan as reward for his work in 2015. The decision was made on  the meeting of the company's shareholders in June 2016. 

Karen Karapetyan was appointed Prime Minister of Armenia in September  2016. In 2001-2010, he worked as Chairman of the Board and CEO at  ArmRusgasprom CJSC. In 2009, he was given membership in the Yerevan  Council of Elders by the list of the Republican Party of Armenia. On  December 17, 2010 he was elected as Yerevan Mayor and held that  position until October 28, 2011. In December 2011, Karen Karapetyan  was appointed First Vice-President of Russian Gazprombank, and in  November 2012 he became Deputy General Manager for strategy and  development at Gazprom Mezhregiongaz LLC - Gazprom's subsidiary. He  was also member of executive boards of OGK-2 and Mosenergo,  subsidiaries of Gazprom. 

JSC "OGK-2" is Russia's largest heat generating company with an  installed capacity of 18 GW and annual revenue of 100 billion rubles.  The main activities of JSC "OGK-2" are the production and sale of  electricity and thermal energy. The main market is the wholesale  market of electric energy (power). Investment program provides  construction of 3296 MW of new capacity (4400 MW given  reconstructed), confirmed the agreements on the provision of power  (PDM) with delivery dates in 2018. In selecting of equipment priority  is given to modern high technology combined cycle.