USAID ISSUED STATEMENT ON ELECTRIC NETWORKS OF ARMENIA
Support A1+!The USAID Statement issued on the Electric Network of Armenia says, "It has been reported that Midland Resources Holding (MRH) has recently requested permission from the Government of Armenia and the Public Services Regulatory Commission (PSRC), as required by Armenian laws and regulations, to sell its shares of Electric Networks of Armenia (ENA).
The PSRC took aggressive steps to seek clarification of this issue in early August. USAID notes that these steps fall squarely within the mandate of the PSRC, as the regulating body tasked with implementing relevant Armenian laws.
A transparent and robust decision-making process, managed by a strong regulator, is key to protecting the interests of energy consumers. USAID is happy to continue assistance to the PSRC and others to ensure the design and implementation of such a process.
USAID will continue to observe, with interest, the process currently underway to evaluate and respond to MRH's request."
