ABOUT 34 MILLION DOLLARS TO BE INVESTED IN ELECTRIC NETWORKS OF
ARMENIA THIS YEAR

YEREVAN, MARCH 2, NOYAN TAPAN. Investments of 12 bln 065.7 mln drams
(about 34.4 mln USD) will be made in Electric Networks of Armenia
company this year. 45% of this sum will be spent on reconstruction
and reequipment of distribution networks. According to the RA Public
Services Regulatory Commission, in 2008, 7 bln 51.1 mln drams will be
invested in networks, with 47.3% of this sum being spent on purchase
of machinery and equipment. In 2009, investments will amount to 7 bln
496 mln drams. According to the same source, work on reconstruction,
reequipment and extension of distribution networks, introduction of an
automated system of electricity assessment, creation of a center on
information servicing of users and rapid response, and capital repair
of meters will be done within the next three years. It is also
envisaged to repair administrative and production buildings and
purchase computers and office equipment. This year the frequency and
duration of blackouts will be reduced by 2.5% and 10% respectively,
while in 2009 – by 4.5% and 12%.