Court rejects claim against  suspension of  ENA CJSC license

ArmInfo. The license of Electric Networks of Armenia CJSC will remain suspended. Vardan Aloyan, a lawyer representing the interests of Tashir Capital, wrote on his Facebook page.

"The court rejected our claim against the suspension of the license  of the  Electric Networks of Armenia CJSC (ENA), which means that the   license of ENA will remain suspended," the lawyer noted.

Recall, the PSRC, in its politically motivated decision on November  17, 2025, revoked ENA's electricity transmission license. Romanos  Petrosyan, interim manager of ENA and board member of the ruling  Civil Contract party, stated that the state is preparing for the full  nationalization of ENA's shares, recognizing it as a priority public  interest. According to him, the state is willing to pay compensation  to the owner, Tashir Capital. However, the interim manager declined  to disclose the specific value of ENA or the price proposed by the  government.

Meanwhile, Armenian Prime Minister Nikol Pashinyan had stated that  the price of the company could be reduced under certain  circumstances. Meanwhile, David Ghazinyan, a member of the Strong  Armenia party board and former ENA CEO, stated that the real value of  Electric Networks of Armenia is close to $1 billion, and the  company's owners, represented by Samvel Karapetyan, the leader of the  opposition Strong Armenia party and a prominent businessman and  philanthropist, would not agree to sell it at a reduced price.