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 Thursday, April 2 2026 17:16
Alexandr Avanesov

ENA nationalizing process is politically motivated

ENA nationalizing process is politically motivated

ArmInfo.The process of nationalizing the Electric Networks of Armenia CJSC is politically motivated, as stated by David Ghazinyan, the company's former CEO, at a press conference on April 2.  

According to him,  despite the lengthy discussions in the Administrative Court, where the company's owners' claim was heard, insisting on invalidating the PSRC decision to suspend ENA's license, the political subtext of the court's decision to dismiss the claim was immediately confirmed. 

Specifically, according to Ghazinyan's information, the PSRC, under  its interim manager, is currently reviewing 1,500 cases of late  connections for new customers, but no one is saying anything about  them. Two to three monitoring sessions per year are required to  ensure the company's fulfillment of its investment and other  obligations. Eight months have passed, and not a single monitoring  session has been conducted under the interim manager. Thus, the carte  blanche given to him is simply an attempt to intimidate ENA owner  Samvel Karapetyan.

Moreover, two individuals who had previously worked in the network  had prepared reports on outages.  These same individuals, now under  the interim manager, then altered these reports to present a  different narrative, according to which the company's former  management had deceived the Public Services Regulatory Commission.  Meanwhile, with a profit of 70 billion drams, Samvel Karapetyan  didn't take it for himself, but instead used it for investments.  Ghazinyan recalled RA Prime Minister Nikol Pashinyan's question to  officials about whether it could be assumed that much had been erased  from the ENA system to conceal violations, to which the answer was  "yes". However, the court ruled that nothing of the sort had  occurred. Overall, as the former CEO noted, a small group of  individuals is doing everything possible to exclude Samvel Karapetyan  from political processes. Meanwhile, according to polls, "Strong  Armenia", led by the businessman, has every opportunity to win the  elections. This political force has every opportunity to secure  50%+1% of the vote, form an absolute majority in parliament, and have  Samvel Karapetyan as prime minister. "We know our strengths and work  with everyone," David Ghazinyan said.

According to him, the party predicts an increase in voter  participation. He recalled that Armenia's ruling "Civil Contract"  party won the previous elections simply due to voter inactivity.  "Samvel Karapetyan's party offers new hope that it will increase  voter participation. In this case, the authorities have no chance,"  Ghazinyan believes. Responding to accusations of violations of the  law regarding Karapetyan's citizenship, Ghazinyan assured that the  law is not being violated, and that Karapetyan, as the leader of a  political party and a dual citizen, is exercising his rights. "There  is no problem; it's manipulation. We are honestly showing the people  the roadmap for Samvel Karapetyan to become prime minister,"  Ghazinyan said.

At the same time, lawyer Aram Orbelyan announced that the  Administrative Court's decision to invalidate the Public Services  Regulatory Commission's decision to revoke ENA's license will be  appealed. He stated that the court found most of the evidence  presented by ENA's interim  manager and the Public Services  Regulatory Commission insufficient. The plaintiff will request that  the court consider the complaint expeditiously, as the issue concerns  the entire population. Orbelyan expects the complaint to be heard  within a few months. 

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