IT IS ENVISAGED TO REPAIR 110 KW-TENSION ELECTRIC NETWORK OF KAJARAN

Noyan Tapan
Apr 10 2007

YEREVAN, APRIL 10, NOYAN TAPAN. Electric Networks of Armenia company
intends to repair the 110 kw-tension electric network of Kajaran,
on which 3 billion drams (about 8.2 mln USD) will be spent. The
company director Evgeny Gladunchik said on April 10 that a tender for
company to do repairs has already been announced. According to him,
the necessary sum will be provided at interest (annual interest rate
of up to 5%) by the Zangezur Copper and Molybdenum Complex, which in
its turn will receive this money from a German bank.

E. Gladunchik said that the implementation of the program on repairs of
33 substations with tension of 110 kw with the 30 million-dollar credit
of the Japanese government will start in two years. However, it will be
possible to repair only 12 substations due to fluctuation of foreign
currency rates. Within the framework of the same program, the work on
installation of 150 thousand multirate meters for vulnerale groups of
the population will be done within 7 years. It was noted that only 10%
of 900 thousand users in the country currently have multirate meters.