PSRC appoints temporary administrator for Electric Networks of Armenia
YEREVAN, July 18. /ARKA/. The Chairman of the Public Services Regulatory Commission (PSRC) Mesrop Mesropyan has appointed today Romanos Petrosyan as temporary administrator for the Electric Networks of Armenia (ENA), the country's national power distribution company.
The day before, Petrosyan was dismissed as head of the State Supervision Service.
The head of the PSRC decided to initiate administrative proceedings and apply preventive measures against ENA. According to the decision, published on the regulator's website, the electricity sector is of key strategic importance for the uninterrupted supply of power to the population.
The decision states that in recent years, there has been growing dissatisfaction in society with major systemic failures, frequent power outages, voltage fluctuations, and delays in connecting new subscribers.
The Electric Networks of Armenia is part of the Tashir Group of Companies, owned and managed by Russia-based billionaire Samvel Karapetyan. It operates medium and low voltage distribution networks in Armenia, serving about 1 million subscribers.
Since 2016, the Tashir Group is said to have invested about $680 million in the modernization of Electric Networks of Armenia alone, with another $150-200 million invested in the creation of new capacities.
Samvel Karapetyan was arrested in Armenia on June 18 on charges of publicly calling for the seizure of power after a meeting with Catholicos of All Armenians Garegin II.
Armenian Prime Minister Nikol Pashinyan then announced shortly afterwards a plan to nationalize ENA, stating that the process would be carried out in accordance with legislation.
On July 3, 2025, the Armenian parliament adopted government-initiated amendments to certain laws allowing the facility's nationalization
Romanos Petrosyan is a member of the board of the ruling Civil Contract party, created and led by Prime Minister Nikol Pashinyan.
In June 2018, he was appointed governor of the Kotayk region, then from July 2020 to August 2021, he served as Armenia's Minister of Environmental Protection.
From December 2021, Petrosyan held the position of head of the State Supervision Service. -0-
