ENA shares may become state property: issue put up for public discussion

The authorities have put up for public discussion a draft proposal to recognize Armenian Electrical Networks (Electrical Networks of Armenia CJSC, ENA) as an object of public priority. The Ministry of Territorial Administration and Infrastructure presented a draft government decree under which 100% of the company’s shares would be recognized as an object of public interest.

According to the draft, the electricity distribution system, as strategic infrastructure, is to come under state control. The government’s explanatory note states that the efficient and uninterrupted operation of the sector is of key importance for ensuring national security, economic development, and social stability.

The document emphasizes that electricity supply is a vital public service, and that disruptions to it could lead to serious socioeconomic consequences. The state is therefore obliged to guarantee the safe and continuous operation of the system.

The draft provides for 100% of ENA’s shares to be recognized as an object of public priority, with the Republic of Armenia to be considered the buyer. The process will be carried out on behalf of the state by the Ministry of Territorial Administration and Infrastructure, acting as the authorized body. Once the decision enters into force, the ministry is required to notify the shareholders and all interested parties within seven days.

The public discussion of the draft will run from June 22 to July 8, 2026. During this period, citizens, organizations, and industry representatives will be able to submit their proposals and comments.

The explanatory note also states that electricity distribution networks are strategic infrastructure on which the living conditions of the population depend, as well as the operation of hospitals, schools, water supply systems, and communications. The document further emphasizes that existing risks and developments in the licensing process indicate the need for strengthened state oversight.