ArmInfo. On April 12, the Armenian government approved the trust management program of High Voltage Electricity CJSC at its regular meeting. The draft resolution on the transfer of JSC HVPN (High Voltage Power Network) to the trust management of JSC Tashir Capital was approved by the Government on August 24, 2017.
As stated in the justification reference to the document, the program is aimed at increasing the efficiency and transparency of JSC HVN management, investing in capacity expansion, ensuring the company's financial stability in the long term, improving the accounting system and productive management of human resources. "As a result of the program, a safe and reliable transmission system will be provided," the document says.
Earlier, ArmInfo informed that JSC "High Voltage Electric Networks" (JSC HVEN) will be transferred to trust management of CJSC "Tashir Capital". The agreement provides for the transfer of 100% of the shares of HVN CJSC belonging to the state to the trust management of Tashir Capital (649,231 shares, each with a par value of 13,600 AMD). The company will receive the right of trust management for a period of 5 years with the possibility of subsequent extension of the agreement for the same term and on the same terms. Vardan Gevorgyan, deputy minister of energy infrastructures and natural resources of Armenia, stated on August 24, presenting the draft government decision, envisages the transfer of 100% of the state's shares to the company that manages CJSC "Electric Networks of Armenia". The main goal of the project, as explained by the Deputy Minister, is the centralization of the same functions and through synergy to achieve the maximum cost optimization. In addition, it is envisaged that the management company will undertake to implement the investment program for the construction of the Armenia-Georgia electricity transmission line, the transformer and service substation, and the repair and modernization of six substations of the system.
After the approval of the project, as Gevorgyan pointed out, the management company will have to submit for six months to the government for approval a trust management program that must contain obligations and clear indicators. "The agreement will come into force only after the approval of the program of trust management by the government," the deputy minister said. At the same time, the state reserves the right to refuse at any time from trust management, only notifying the management company about it, he noted.
On the balance sheet of JSC HVPN there are 13 220 kV substations and 2 110 kV substations, the total capacity of 33 power transformers in operation is 2561.0 MVA, and one switch point Agarak is 220 kV. The power of the operating power transformers installed at the 220 kV and 110 kV substations is sufficient to transfer the consumed electricity. The total length of overhead lines with design parameters of 330. 220, 110 kV is 1914.73 km, including 127.62 km - 330 kV, 1366.51 km - 220 kV, 420.6 km - 11 kW, 26.58 km of which are on the territory of Georgia, and 9.6 km - on 10 and 6 kV. The company also operates a wind farm "Lori" with 4 units with a total capacity of 2.64 mW. The power system of the Republic of Armenia via the switching point "Agarak" 220kV is connected to the power system of the Islamic Republic of Iran via interstate lines "Agar-1,2" at 220 kV, and over the air lines "Alaverdy" 220 kV, "Lalvar" and "Ninotsminda" in 110 kV with power system of the Republic of Georgia. In the territory of Armenia, ZAO HVPN conducts economic activities in the transmission and production of electric power. The company consists of an administrative apparatus with its divisions and 9 branches, of which the branches "Vostochny", "Zapadniy", "Tsentralny", "Gorissky", "Zangazursky", "Severny", "Yuzhny" carry out the main licensed monopoly activity - energy (capacity) of the Republic of Armenia for their high-voltage transmission lines.
