ArmInfo. On December 21, the Public Services Regulatory Commission (PSRC) approved the specified investment program of Electric Networks of Armenia (ENA) CJSC.
Head of the Investment Division of ENA CJSC Yuri Gavrilenko said that the program will last for 5 years till 2020 and aims to reduce the electric power losses to 8%, and to decrease the operating costs by no less than 10% as compared to 2015. The staff will also shrink to 6,800 people. To achieve the goals set for 2016-2020, as much as 97 388,4 mln AMD (VAT exclusive) will be invested, 16 084,8 mln AMD in 2016. As much as 31 946,8 mln AMD (including 3 242,4 mln AMD in 2016) will be spent to reduce the average number of blackouts, to ensure the safety and replacement of outdated equipment in 2016-2020. A total of 21 515,0 mln AMD (including 4714,0 mln AMD in 2016) will be spent on connecting new consumers to the network within the next five years. 36 299,0 mln AMD (including 4 656,0 mln AMD in 2016) will be spent on improving the metering system, 1 993,2 mln AMD (including 1 914,0 mln AMD in 2016) - on acquiring new machines and mechanisms. For other directions of the distribution network, as much as 3 464, 0 mln AMD will be allocated in 2016-2020, including 1 118,0 mln AMD in 2016.
Gavrilenko stressed that the investment program will improve the electric engineering infrastructure, enhance the quality of customer service, and rule out the human factor.
The PSRC instructed the company to submit the specified program of ENA CJSC for 2017-2020 to the Commission before 15 December 2017.
To note, ENA CJSC distributes and sells electricity. The total length of the networks is 36 thsd km. The company serves nearly 985,000 consumers. ENA CJSC has an exclusive license to transmit and distribute electric power in Armenia at the guaranteed tariffs calculated with due regard for the company's expenses and the administered rate of return on investment.
