According to the information of "Zhoghovurd" daily newspaper, Romanos Petrosyan will remain the temporary manager of the company "Electric Networks of Armenia" until the summer.
The reason is related to the lawsuit filed by Tashir Capital CJSC. In particular, on March 11, 2026, the company filed a lawsuit against the RA government, demanding to confirm that it has the right to sell its 70% share in HEC by May 25, 2026, in the manner agreed with the government.
The court partially satisfied the petition of the company, temporarily recognizing the possibility of alienating that share in an agreed manner.
At the same time, until May 25, the three-month period during which the sales process was to be carried out was suspended. This means that until the end of the specified period, the RA government cannot carry out any action regarding the share of HEP.
According to the initial plan, the state should have recognized the HEC as a public priority interest, acquire it completely (100% share), and then take over full management. However, as a result of a court decision, this process has been temporarily stopped. It will be possible to resume the process only after May 25. it is expected that the authorities will recognize the HPP as a public interest, after which the Public Services Regulatory Commission (PSRC) will issue appropriate licenses for management. This whole process, according to forecasts, may take several more months.
