August 4, 2026
Davit Ghazinyan, a deputy of the “Strong Armenia” faction, former director of the National Assembly, addressed the events and accusations surrounding the National Assembly in a lengthy speech.
In particular, he reminded that in 2015, when the HEP was not managed by Samvel Karapetyan’s family, the former owner applied to the PSC to increase the electricity price by AMD 17.08.
“I am not so naive as to believe that no one has reported to these authorities about the state of the HEP. If you are ignorant, that seems to me to be a bigger problem than if you are aware and don’t show it. HETC is a company of strategic significance, naturally you should have been aware of it, at least through special services. What happened during the raising of 17.08 drams, many of you among them generated the “Electric Yerevan” movement, under the pressure of which the previous authorities raised the price of electricity by 7 drams only, when the HEC had 3-4 months left to live, because at that moment it had a deficit of 36 billion drams and it was necessary to increase the price by 17 drams so that the HEC would not go bankrupt. In this case, the state increased the price by 7 drams and tried to find a person who would be an Armenian, attached to the land of the Republic of Armenia, because you know, there are Armenians who turned away, and that Armenian was Samvel Karapetyan, who was asked by the previous authorities to acquire the HEC. In October 2015, there was no expectation that there could be a profit after acquiring HEC. At that time, there was a conversation between me and Samvel Karapetyan about whether it was possible to stand at “0:0”, despite all this, Mr. Karapetyan announced that he would not increase the price of electricity.
The price of electricity was increased by 0 drams at the initiative of the National Electric Power Company. The National Electric Power Company has never applied to raise the price of electricity,” explained the opposition MP, adding that there were hearings in the National Assembly in 2024, during which the representative of the National Electric Power Company, which is under the “control” of these authorities, answered the questions, but the representative of the Electric Power Company was not invited.
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“Then there is the statement of Samvel Karapetyan in defense of the church, and after that, not the government, but CP, at the faction level, came up with a legislative initiative, according to which the head of the collegial body was given the authority to appoint a manager on his own, this is called “raider’s seizure” – emphasized Davit Ghazinyan.
Details in the video
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