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Verelq: 100% of the shares of HETC – the overriding interest of the public

On the joint website for the publication of drafts of legal acts, the TKEN submitted for public discussion the draft of the government’s decision on recognizing 100 percent of the shares of the closed joint-stock company “Electrical Networks of Armenia” as the public’s overriding interest.


A brief description of the project states: “Electricity distribution networks, by their very nature, are strategic infrastructure, the failure of which can cause large-scale social, economic and security consequences. Therefore, the state has not only the right, but also the constitutional duty to intervene in cases where there is a need to protect the public interest. Therefore, as a result of the adoption of this decision, the overriding interest of the public will be recognized in relation to 100% shares (share) of the closed joint-stock company “Electric Networks of Armenia”.


It should be noted that the period of public discussion of the project is from June 22 to July 8, 2026.

Hagop Kamalian:
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