August 6, 2026
During the session of the government on August 6, Nikol Pashinyan announced that the company “Electric Networks of Armenia” will be handed over to trustee management, without detailing which structure it is about handing over to trustee management.
“In the case of HEC, we have decided at the conceptual level that it will become state property, which will be handed over to fiduciary management,” he stressed.
Davit Ghazinyan, a member of the “Strong Armenia” faction, former director of the National Assembly, stated in a briefing with journalists that there is still no arbitration decision, and then the administrative court of the first instance partially satisfied their claim. 4.5 out of 7 points.
“Now it is in the Appeal, and from here the question is, what will they do if those courts make a decision in favor of Tashir Capital?” Second, we have a very poor experience with giving trust management.
For example, Veolia Water is placed under trust management, and even the government admits that the problems stem from a lack of investment.
And the state should make an investment. Now it is necessary to find out how much that organization will take from the HEC, and the annual investment of approximately 45-50 billion. the program who will implement I assume that the company will not implement it, because it is not its own, after all, it should make a profit, and the state does not have the opportunity to implement it. Third, ask them if there is an international company willing to agree to acquire the company that is still in dispute.
Yes, they recognize a superior interest on paper and nationalize it, this is from the same topic I was saying: you are taking it away because the National Assembly and other structures are yours.
The only option that I think is either from two countries that are not friendly to us, Turkey and Azerbaijan, or an organization registered in another country, but financed by those two countries, can be,” he elaborated.
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