PSRC started discussing matter of revoking  Electric Networks of  Armenia company  license

ArmInfo.  On November 13, the Public Services Regulatory Commission (PSRC) of the Republic of Armenia started discussing the matter of revoking the l Electric Networks of Armenia company's operational license.

Prior to the meeting, former CEO David Ghazinyan emphasized that  ENA's former management has nothing to fear. He stated that they are  prepared to answer all questions from PSRC members and to ask  questions to understand the situation.  Ghazinyan emphasized that the  interests of the entire nation are at stake in this case. He stressed  the importance of ensuring that the discussions are free from  time  constraints and restrictions on freedom of speech. One of the issues  of interest to the former management is the purpose of the recent  visit of a delegation from  PSRC to Turkey. 

"According to my information, a very representative team from the  Public Services Regulatory Commission recently visited Turkey. Now  let them explain the reason for their visit. In my opinion, the real  purpose of the visit was most probably different," Ghazinyan stated.  He also added that, given the current situation, it would be  impossible to find a single reputable company willing to acquire   shares after the ENA's license was revoked and nationalized, as all  such companies adhere to a code of ethics. The only interested  parties could be Turkey and Azerbaijan.

It should be noted that the situation at the PSRC meeting  was highly  charged. Romanos Petrosyan, the ENA interim manager, was quite upset  by the situation. "Are you trying to disrupt the meeting? You're  interfering with our work," Petrosyan stated, assuring that he had  been in the break room, not the PSRC''s head's office, prior to the  meeting. He requested law enforcement officers to restore order in  the Commission's meeting room. Minister of Territorial Administration  and Infrastructure David Khudatyan was also present and demanded that  order be restored.