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Regional

Public Services Regulatory Commission of Armenia imposes a 15mln AMD fine on Electric Networks of Armenia

  • by Alexandr Avanesov

  • Wednesday, July 30, 20:56

The Public Services Regulatory Commission of Armenia ruled on Wednesday that the Electric Networks of Armenia (ENA) should pay a fine of 15mln AMD for having broken some of the Commission's rules, particularly, for having failed to meet its contractual obligations to Mikmetal, a company building a multifunction building in the center of Yerevan. 

 

The ENA has objected by saying that its controversy with Mikmetal concerns mostly property relations, which are not regulated by the Commission's rules.

 

The Commission has reserved the ENA the right to dispute its decision in court. Whether the ENA will do it will become known shortly.

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