In the coming weeks, by the decision of the government, the electricity distribution company will be recognized as a public priority, said Petrosyan.
29-07-2026 13:45 Armenia Press release
In the coming weeks, there will be a government decision recognizing the Electric Networks of Armenia (ENA) as a public interest.
This was stated by the interim manager of ENA, Romanos Petrosyan, during a conversation with journalists before the meeting of the "Civil Contract" party's board.
According to him, in addition to the relevant government decision, a number of regulations and procedures will be established.
"These involve a market value assessment by a licensed, resident company over several months, official notification of the market value assessment to the owners by the government, receiving responses from the owners to the notifications according to the procedures, and then, according to the regulations, the process should lead to the provision of compensation at market value +15 percent," Petrosyan noted.
He stated that there is absolutely no contact with the owners of ENA, the "Tashir" group of companies, and the Karapetyans.
According to him, the final outcome of the legal processes is mandatory for any citizen and economic entity of the Republic of Armenia, and he does not know the position of the Karapetyans, as no representative participated in yesterday's public hearings. He mentioned that the process could take 2 years.
Petrosyan referred to his status, noting when his powers as interim manager would cease. According to him, under the legislation, when the new owner of ENA, the Republic of Armenia, applies to the Public Services Regulatory Commission for the distribution license, the powers of the interim manager will cease from the moment the license is obtained.
* This text was automatically translated by Artificial Intelligence (AI).
