In the heart of Armenia, a revolution is underway, and it's not political or cultural. It's electrical. Electric Networks of Armenia (ENA) CJSC, the powerhouse behind the nation's medium and low voltage distribution networks, is in the throes of a massive expansion, attracting significant investments to broaden the power grid and connect an unprecedented number of new subscribers.
The numbers are staggering. In 2023 alone, ENA connected 35,000 new subscribers to the power grid. That's equivalent to adding a new town the size of Artashat, Armenia's fifth largest city. If the current growth rate continues, Yerevan, the country's capital, will see 68,000 new subscribers by 2030. That's equal to the combined number of subscribers in Gyumri and Vanadzor, Armenia's third and fourth largest towns.
This expansion isn't happening in a vacuum. Since 2016, ENA has invested AMD 235 billion in modernizing its equipment and infrastructure. The result? A reduction in technical and commercial losses, improved service quality, and international investors lining up to offer loans at below-market rates.
The trust in ENA is well-placed. The company has ambitious plans to invest a total of AMD 461 billion by 2030 to further develop the network economy, reduce losses, and enhance service quality. This investment will not only strengthen Armenia's power grid but also pave the way for a more robust and sustainable economy.
As of today, , there are 118,000 applications for new connections under review. This is a testament to the growing demand for reliable power in Armenia. With ENA at the helm, the future of Armenia's power grid looks brighter than ever.
In Yerevan alone, 19,939 new subscribers were connected in 2023. This trend is set to continue, with the capital city poised to become a beacon of power and progress in the region.
The expansion of Armenia's power grid is more than just an infrastructure project. It's a story of ambition, resilience, and the transformative power of investment. As the lines between technology and humanity continue to blur, ENA is leading the charge, illuminating a path towards a brighter, more connected future.