AMOUNT OF INVESTMENTS IN ELECTRIC NETWORKS OF ARMENIA MADE BY ONLY 22.5%

Noyan Tapan
Apr 10 2007

YEREVAN, APRIL 10, NOYAN TAPAN. The interdepartmental commission
examining the qualitative indices of electricity supplied to consumers
will soon submit its final conclusion and proposals regarding the
activities of Electric Networks of Armenia company to the Armenian
government for approval. The RA Deputy Minister of Energy Areg Galstian
said on April 10 that in particular, the commission proposes installing
current registering devices in 110 kilowatt-tension networks, which
will enable to get more exact information about electricity losses.

According to the draft conclusion, the amount of investments envisaged
by the company in 2005 was made by only 22.5%, with investments aimed
at improving the quality of services (the program’s priority) being
made by 6.6%.