Public Services Regulatory Commission continues discussing revocation  of ENA license 

ArmInfo.  At the Nov. 17 meeting of the Public Services Regulatory Commission (PSRC) of the Republic of Armenia, discussions continued on the issue of revoking Electric Networks of Armenia CJSC's electricity transmission license.

Frequent power outages were one of the reasons cited for the review.  In this regard, David Kazinyan, the company's former CEO, who spoke  at the meeting, raised the issue of yesterday's power outages in the  enlarged community of Vagharshapat. He noted ironically that if he  were the company's director, the complaint would have already reached  the UN Secretary-General.

Kazinyan expressed confidence that revoking the company's license  would harm Armenia's investment attractiveness, leading to an outflow  of current and future investors who would avoid investing in the  country's economy. The former head of ESA noted that this entire  process began following the well- known statements by company owner  Samvel Karapetyan. The main goal of the process is to force the  businessman to negotiate the future of the network. "However, as  Karapetyan stated, he will not accept any deal in exchange for not  having his companies taken away from him," Kazinyan added.

As a reminder, Electric Networks of Armenia is part of the Tashir  Group of Companies, which belongs to Samvel Karapetyan. Karapetyan is  currently under arrest in connection with a criminal case related to  calls for a coup. Karapetyan denies these charges, calling the  authorities' actions persecution and part of a campaign against the  Armenian Apostolic Church.