Electric Networks of Armenia CJSC  revoked of  its electricity  distribution license - PSRC decision

ArmInfo. The Electric Networks of Armenia CJSC's electricity distribution license has been revoked. The decision was made during a meeting of the Public Services Regulatory Commission on November 17, after three days of discussions.

The decision details the violations the Commission found in Electric  Networks' activities. Specifically, an overstatement of 134,800 kWh  was reported in one case, and a failure to account for 11,300 kWh in  another. Additionally, several thousand new subscriber connections  were overdue, and the total number of loan guarantees secured against  ENA's assets approached $690 million. The deteriorating trend in  electricity supply indicators continued, with the average duration of  outages increasing by 4.2%.