Armenia’s energy regulator has taken decisive action against a key player in the country’s power sector by moving to revoke the license of a firm owned by prominent businessman Samvel Karapetyan. The decision, announced this week, targets the company’s role in managing parts of Armenia’s electricity grid, citing regulatory violations and concerns over operational compliance. This development marks a significant shift in Armenia’s energy landscape, with potential implications for market stability and ongoing efforts to reform the sector.
Armenian Energy Regulator Takes Action Against Karapetyan’s Firm Over Licensing Violations
The Armenian Public Services Regulatory Commission (PSRC) has initiated formal proceedings to revoke the power grid licence of a firm owned by prominent businessman Artur Karapetyan. The move follows a series of investigations uncovering multiple breaches of licensing terms, including non-compliance with operational safety standards and…
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Author : Isabella Rossi
Publish date : 2025-11-19 11:10:00
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