ArmInfo. The Public Services Regulatory Commission (PSRC) of Armenia on November 15 approved the investment program of "Electric Networks of Armenia" CJSC (ESA) for the period of 2018-2027. and agreed to clarify for 2017-2020 on the company's investment program for 2016-2020.
According to the PSRC, ENA investments for 2016-2027. within the agreed program, will amount to about 350 billion drams without VAT (about 726 million dollars at the current rate). A complete replacement and modernization of equipment for 6 (10) / 0.4 kV networks is provided for the reconstruction and modernization of 0.4-35 kV transmission lines, including secondary power supply. Within the framework of the investment package, it is planned to expand the network and connect new subscribers, implement an automated system for monitoring and recording electricity networks with 0.4 kV voltages, as well as international management standards.
Following the results of the program, it is expected that the Company's expenditure items will be reduced, and the losses of the system will be brought into line with European standards. ENA also intend to halve the duration of power outages and solve the problem with voltage deviation.
The other day it was announced that the Tashir Group of Companies, the Investors Club of Armenia and international financial institutions are investing in the next few years in the energy sector of Armenia about $ 1 billion. According to the Vice President of "Tashir" Karen Darbinian, the investments will be carried out in two directions - distribution networks and the sphere of electricity generation. In the field of hydropower, the construction of the Shnokhsk hydroelectric power station worth about $ 200 million will become the most important investment. As for the second direction - distribution networks, about $ 900 million will be invested in the modernization of the network infrastructure in the next few years. As the CEO of ENA JSC Karen Harutyunyan stated, about 30% The investment program will be directed to the modernization of the network equipment, 27% - to the power transmission line. At the same time, about 13% of the investment package will be directed to the expansion of the network, and 23% - to automatic accounting systems, due to which all subscribers will be connected to its automated system, and the remaining funds - for emergency recovery and other work.
According to him, the program plans to modernize the equipment, the electronic accounting system will be fully implemented, and the air lines will be completely replaced, and their production will be organized in Armenia. "As a result of the implementation of the program, network losses are planned to be reduced by 4.6% and reach an international indicator of 6.4%, to reduce repair costs by almost 50%, and to halve the periods of outages and disruptions, and significantly speed up the connection of new subscribers" , - said Harutyunyan.
On this issue, the company has been negotiating with the Asian Development Bank and the European Bank for Reconstruction and Development since 2016. Agreements on attracting $ 160 million have been signed. An agreement with the EDB on attracting another $ 100 million will also be signed. On October 31, in Moscow, the Eurasian Development Bank signed an agreement with CJSC "Electric Networks of Armenia" intending to provide the company with a loan of $ 100 million for the development and modernization of the energy sector infrastructure of the country. Not only the EDB loan funds, but also the resources of the European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) will be involved in the program implementation. About half of the resources in the development of electric grids are invested in the project by its main shareholder - the Tashir Group of Companies. The group of companies Tashir, headed by a large Russian businessman of Armenian origin Samvel Karapetyan and Inter RAO, signed an agreement on the purchase and sale of electricity assets of the Russian energy holding in the Republic of Armenia - Electric Networks of Armenia JSC and Hrazdan Thermal Power Plant on September 30,
Electric Networks of Armenia JSC was established in May 2002 as a result of the merger of four state regional electricity distribution and distribution companies: Yerevan Electric Networks, Northern Electric Networks, Southern Electric Networks and Central Electric Networks. The main activity of the company is the regulated distribution and sale of electricity. The total length of the networks is 36 thousand km. The company serves about 985 000 consumers. CJSC "Electric Networks of Armenia" has an exclusive license for transmission and distribution of electricity in the territory of the Republic of Armenia at guaranteed tariffs, calculated on the basis of company costs and a regulated rate of return on investment.