ArmInfo. There are no grounds for revoking Electric Networks of Armenia (ENA) CJSC's electricity distribution license. This was stated by Aram Vardevanyan, lawyer for Tashir Group owner Samvel Karapetyan, in a conversation with journalists on November 17.
"There isn't a single company that hasn't violated any laws, but a violation that requires license revocation-that's absurd. Just compare it to the violations of Veolia Djur (a subsidiary of a French company, the sole operator of the RA water supply and sanitation system - ed.), but in the latter case, there isn't a single case," he said.
As a reminder, today, November 17, the Public Services Regulatory Commission (PSRC) is holding its third meeting on the issue of revoking ENA's electricity distribution license. The first meeting took place on November 13, and the second on November 14.
Earlier, on November 10, the PSRC published a draft decision to terminate its license, stating that the company "failed to comply or failed to comply properly" with the requirements of the RA Law on Energy and the PSRC, which could threaten the security and reliability of the energy system, its components, and the rights and legitimate interests of consumers. The PSRC also claims that ESA used its own funds, movable and immovable property, to secure loan obligations of companies with which it may have shared economic interests, totaling over $700 million.
Since 2016, Electric Networks of Armenia CJSC has belonged to the Tashir Group of Companies, founded by Russian-Armenian businessman Samvel Karapetyan. Prime Minister Nikol Pashinyan announced his intention to nationalize ESA following the search of Karapetyan's home and his arrest. Parliament later adopted legislative amendments providing for the return of ESA to state control. The head of the PSRC appointed Romanos Petrosyan as its interim manager. On August 9, Narek Karapetyan, a shareholder of Electric Networks of Armenia and CEO of Tashir Capital, filed a lawsuit in the Administrative Court of Armenia against the PSRC and its chairman, Mesrop Mesropyan, demanding that the PSRC be declared ineligible to change the company's management.
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