Announcement

Collapse
No announcement yet.

About $34Mil To Be Invested in Electric Networks This Year

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • About $34Mil To Be Invested in Electric Networks This Year

    ABOUT 34 MILLION DOLLARS TO BE INVESTED IN ELECTRIC NETWORKS OF
    ARMENIA THIS YEAR


    YEREVAN, MARCH 2, NOYAN TAPAN. Investments of 12 bln 065.7 mln drams
    (about 34.4 mln USD) will be made in Electric Networks of Armenia
    company this year. 45% of this sum will be spent on reconstruction
    and reequipment of distribution networks. According to the RA Public
    Services Regulatory Commission, in 2008, 7 bln 51.1 mln drams will be
    invested in networks, with 47.3% of this sum being spent on purchase
    of machinery and equipment. In 2009, investments will amount to 7 bln
    496 mln drams. According to the same source, work on reconstruction,
    reequipment and extension of distribution networks, introduction of an
    automated system of electricity assessment, creation of a center on
    information servicing of users and rapid response, and capital repair
    of meters will be done within the next three years. It is also
    envisaged to repair administrative and production buildings and
    purchase computers and office equipment. This year the frequency and
    duration of blackouts will be reduced by 2.5% and 10% respectively,
    while in 2009 - by 4.5% and 12%.
Working...
X