YEREVAN, June 29. /ARKA/. The Armenian government will make a decision in mid-July to recognize the priority public interest regarding the Electric Networks of Armenia (ENA), said the temporary manager of ENA, Romanos Petrosyan:
"The process of nationalization is progressing quite intensively. In mid-July, the government will make a decision to recognize the priority public interest regarding ENA. After that, a market value assessment will be conducted and compensation will be made," Petrosyan said:
He noted that ENA continues to service the distribution networks under challenging conditions while simultaneously working on the implementation of investment programs and improving the state of the energy system:
"The question of who will carry out the necessary investments—whether the state or the private sector—will become clear after the process is completed," he added:
The draft government decision recognizing the public priority interest in 100% of ENA's shares has already been published on the legal information portal:
According to the document, strengthening state control in the electricity distribution sector is justified by the need to protect consumer rights, ensure energy security, and maintain service continuity:
Earlier, on April 9, 2026, Armenian Prime Minister Nikol Pashinyan stated that "Elnets" has already been de facto nationalized, and this status will be legally formalized later:
Several media outlets reported that the estimated value of the deal for the state to acquire ENA is about $380,000, which is significantly lower than the $900 million invested by the Tashir Group in the energy company since 2016:
According to unconfirmed information, the deal did not go through due to the owner's disagreement:
On November 17, 2025, the Armenian Public Services Regulatory Commission (PSRC) revoked ENA's license to distribute electricity, owned by businessman Samvel Karapetyan:
The basis for this was violations identified during a four-month administrative process, including violations related to electricity meter readings, investment programs, new subscriber connections, as well as construction and fire safety standards:
ENA disagreed with the regulator's conclusions and questioned the results of inspections and expertise:
The owner company of ENA, "Tashir Capital," part of the "Tashir" group, attempted to challenge the PSRC's decision in court, but the lawsuit was rejected:
