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  • About $50 million to be invested in development of

    vestnik kavkaza June 16 2011


    About $ 50 million to be invested in development of Armenian
    distribution network in 2011



    The commission on the Public Utilities of Armenia approved today an
    investment program of "Electric Networks of Armenia" (ENA) for 2011
    amounting to 48.3 million dollars, compared to 103.2 million dollars
    in 2010, News-Armenia reports.

    The owner of 100% of the ESA is the Russian company RAO UES.

    The head of the ESA Investment Department, Yuriy Gavrilenko, said that
    more than a third of the investments will be directed at reducing the
    average frequency and duration of power cuts for consumers.

    INTER RAO UES is a Russian company that owns assets in Russia,
    Armenia, Georgia, Kazakhstan, the Transnistrian region and Finland. .

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