Sectorial Brochure Energy Sector of Armenia/BA | Page 6

BUSINESS ENVIRONMENT
ECONOMIC FREEDOM INDEX 2018
DOING BUSINESS 2019
41
MODERATELY
FREE
st
STARTING A
BUSINESS
8
th
44
th
REGISTERING
PROPERTY
14
INVESTMENT
FREEDOM
75 %
th
MOSTLY FREE
OUT OF 190 COUNTRIES OUT OF 180 COUNTRIES
Source: World Bank, Doing Business Database Source: Heritage Foundation Database
Takes 3 days to open a company, 7 days to
register property Five-year investment protection
from changes in legislation
E cient e-governance services in place Free exchange of foreign currencies and
repatriation of profit
100% foreign ownership permitted Well-regulated banking system
No restrictions on investment sectors Foreign companies registered in Armenia
have the right to buy land
STRUCTURE OF THE
ELECTRICITY SECTOR
Policy
Dispatching
Government of Armenia, Ministry of Energy and Natural
Resources
Power System Operator
Commercial
Metering Settlement Center
Generation Power plants: NPP, TPPs, HPPs, wind plants
Transmission
Distribution
Public
Service
Regulatory
Commission
(PSRC)
*Regulates
Tari s, Service
Quality and
Licensing
High Voltage Grid
Electricity Network of
Armenia (ENA)
Regulation
Export / Import
Flow of
powers services
End-Users
Customers
Flow of funds
Source: Ministry of Energy Infrastructures & Natural Resources of the RA
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