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Pashinyan Allows Nationalization of "Electric Networks of Armenia"
Armenian Prime Minister Nikol Pashinyan has not ruled out the nationalization of “Electric Networks of Armenia” CJSC, urging the public to wait for the decision of the Public Services Regulatory Commission (PSRC) on the results of administrative proceedings against the company.Tashir group says 3-dram electricity price cut in Armenia is possible, but regulator disagrees
Narek Karapetyan, the vice president of the Tashir Group of Companies, claimed in a social media post that the Electric Network of Armenia (ENA), which is owned by the group, has the ability to lower electricity prices for Armenian households by 3 drams.Owner of ENA resubmits application to PSRC for electricity price reduction
Tashir Capital, (a division of Tashir Group, owned by Russia-based billionaire Samvel Karapetyan), the owner of Electric Networks of Armenia (ENA) power distrbution company, on Friday has again officially asked for the Public Services Regulatory Commission's (PSRC) permission to educe electricity prices.Former head of Electric Networks of Armenia is confident that the company's license will be revoked "due to a political order"
David Ghazinyan, the former acting director general of Electric Networks of Armenia (ENA) CJSC, believes that the company's license will be revoked as a result of a political directive.Armenian PSRC to complete its review of administrative proceedings against Electric Networks of Armenia by November 18
Armenia's Public Services Regulatory Commission (PSRC) is expected to complete its review of the administrative proceedings initiated against the national power distribution company Electric Networks of Armenia (ENA, owned by a Russia-based billionaire Samvel Karapetyan, president of Tashir Group) ) by November 18, PSRC Head Mesrop Mesropyan said today during the parliamentary debate on the 2026 draft state budget.Nationalization of ENA is irreversible: Pashinyan outlines two management scenarios for the company
The process of nationalization of Electric Networks of Armenia (ENA) power distribution company is both irreversible and undeniable; it will unfold according to various scenarios, as stated by Armenian Prime Minister Nikol Pashinyan.Regulator turns down administrative complaint lodged by Electric Networks of Armenia contesting extension of its license
On Wednesday, Armenia’s Public Services Regulatory Commission (PSRC) has turned down the administrative complaint filed by the Electric Networks of Armenia (ENA) CJSC, challenging the extension of its license for guaranteed electricity supply until February 1, 2029.Moody's downgrade of ENA rating will not affect financial stability – head of Central Bank of Armenia
Central Bank of Armenia governor Martin Galstyan has provided comments regarding the recent downgrade of the Electric Networks of Armenia CJSC (ENA) rating by the international rating agency Moody's.Moody's downgrades ratings of "Electric Networks of Armenia" amid owner's arrest and nationalization plans
International rating agency Moody's has downgraded the long-term corporate rating (CFR) of Electric Networks of Armenia CJSC (ENA) from "Ba2" to "Ba3" and the probability of default rating (PDR) from "Ba2-PD" to "Ba3-PD".ENA Board chairman thanks Pashinyan: "Another statement like this, and our victory in the arbitration court will be inevitable’
Narek Karapetyan, the Chairman of the Board of Directors of Electrical Networks of Armenia (ENA), conveyed his appreciation to Prime Minister Nikol Pashinyan for his remarks regarding the Stockholm arbitration court's ruling.Electrical Networks of Armenia must prioritize serving the populace-Pashinyan
The Electrical Networks of Armenia (ENA should serve the people, Prime Minister Nikol Pashinyan said at a press briefing, answering a question about whether the government plans to implement the decision of the Stockholm Arbitration Court.Armenian government creates imitation of implementing Stockholm arbitration award – former acting CEO of ENA
The Armenian government is creating a facade of executing the Stockholm arbitration award, stated David Ghazinyan, the former acting CEO of Electrical Networks of Armenia (ENA).Samvel Karapetyan's family initiates investment arbitration against Republic of Armenia over expropriation of ENA
The family of Samvel Karapetyan, the president of the Tashir Group who was arrested in Armenia, has initiated investment arbitration against the Republic of Armenia over the expropriation of Electric Networks of Armenia (ENA), owned by Tashir Group, Karapetyan's lawers reported in a Facebook post.Stockholm Arbitration Court Confirms Binding Decision to Ban Expropriation of ENA - Karapetyan Defense Council Responds to Armenian Government
The Stockholm Arbitration Court has confirmed the binding nature of the decision to ban the expropriation of Electric Networks of Armenia CJSC.Emergency Arbitrator rejects new claims of ENA shareholders
The Armenian government reports that on July 29, 2025, Liormand Holdings Limited, Samvel Karapetyan, Eteri Karapetyan, Sargis Karapetyan and Karen Karapetyan (“Claimants”) again applied to the Emergency Arbitrator appointed under the Arbitration Rules of the Arbitration Institute of Stockholm Chamber of Commerce, requesting to supplement the Emergency Arbitrator’s arbitral award of July 22, 2025 in case EA 2025/121 with the following content:News 1 - 20 of 215
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