Government unveils draft decision to declare public overriding interest over 100% of Electric Networks of Armenia shares

A draft government decision to declare a public overriding interest over 100% of the shares of Electric Networks of Armenia CJSC has been submitted for public discussion on Armenia’s unified platform for the publication of draft legal acts. The draft has been introduced by the Ministry of Territorial Administration and Infrastructure. According to the explanatory note attached to the draft, electricity distribution networks are strategic infrastructure by nature, and any disruption to their operation could result in large-scale social, economic and security consequences. The document states that in such circumstances, the state has not only the right but also a constitutional obligation to intervene when necessary to protect the public interest. If adopted, the draft decision would declare a public overriding interest over 100% of the shares of Electric Networks of Armenia CJSC. The public consultation period for the draft has been set from June 22 to July 8, 2026.