PSRC Revokes Electric Networks of Armenia’s Distribution License

YEREVAN — Armenia’s Public Services Regulatory Commission (PSRC) has revoked the electricity distribution license of the Electric Networks of Armenia (ENA).

Today, the PSRC resumed the discussion—launched on November 13—on revoking ENA’s distribution license.

ENA’s temporary manager, Romanos Petrosyan, had sent letters to the PSRC informing it that ENA’s automated metering system malfunctioned in January 2025, and that since 2018 data from the automated metering systems had been deleted. This was considered grounds for revoking the company’s license.

Other grounds included ENA’s under-collection and over-billing practices, as well as the company’s provision of financial guarantees to other firms within the Tashir Group for obtaining bank loans. These loans were taken from Armenian commercial banks.

According to the temporary manager, large quantities of inaccurate data were previously submitted to the PSRC, resulting in incorrect assessments of the distribution network’s condition, the true number of outages, and the scale of losses.