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The Chairman of Armenia’s Public Services Regulatory Commission (PSRC), Mesrop Mesropyan, and Hovsep Patvakanyan, Head of the Armenian Office of HELVETAS Swiss Intercooperation, have signed a Memorandum of Understanding aimed at establishing cooperation within a programme promoting inclusive and green economic development.
The announcement was made by Armenia’s Public Services Regulatory Commission.
According to the Commission, the memorandum establishes a framework for cooperation in the fields of sustainable economic development, energy efficiency, the green transition, improvement of the regulatory environment, and the efficient management and use of energy resources.
The agreement also envisages cooperation in research, consultancy, knowledge exchange, capacity building, stakeholder engagement, and the development of recommendations aimed at improving the energy sector and supporting market development. Particular emphasis is placed on strengthening the Commission’s institutional and professional capacities through training programmes, expert exchanges, seminars, and other professional development initiatives.
Speaking after the signing ceremony, PSRC Chairman Mesrop Mesropyan highlighted the practical significance of the partnership.
“The energy sector is undergoing rapid transformation, creating new challenges for regulatory authorities. Effective regulation today requires not only strong institutions, but also modern expertise, continuous professional development, and close cooperation with international partners. We highly value HELVETAS’s willingness to support capacity building and knowledge exchange. This memorandum will create new opportunities to strengthen the Commission’s institutional capacities, improve regulatory practices, and support sustainable development in Armenia,” Mesropyan said.
He added that the cooperation would facilitate the introduction of modern approaches to energy regulation, promote the exchange of international best practices, and support efforts to create a more predictable and investment-friendly environment in the sector.
Hovsep Patvakanyan, Head of the Armenian Office of HELVETAS Swiss Intercooperation, also stressed the importance of the partnership in advancing sustainable economic development.
“We are pleased to establish cooperation with the Commission and believe that capacity building and knowledge exchange will contribute to the development of a more efficient and sustainable energy sector in Armenia. Following the signing of this memorandum, we look forward to implementing practical initiatives that will provide long-term benefits for the energy sector,” he said.
The parties expressed confidence that the memorandum would serve as a solid foundation for practical cooperation and for the implementation of initiatives supporting Armenia’s sustainable economic and energy development.
HELVETAS Swiss Intercooperation is an internationally recognised Swiss development organisation that has been operating in numerous countries for more than 70 years, implementing programmes in sustainable development, education, institutional capacity building, economic development, climate change adaptation, and water resource management.