The Public Services Regulatory Commission of Armenia has approved the investment program of "Electric Networks of Armenia" CJSC for 2018-2027. According to the Public Relations Department of the Public Services Regulatory Commission, the issue of agreeing with the adjustments of the 2017-2020 investment program of the "Electric Networks of Armenia" CJSC for 2017-2020 was discussed and adopted.

Under the investment program, the company will invest about 350 billion drams in 2016-2027 without VAT.

"The investment programs envisage full replacement and upgrading of 6 (10) / 0.4 kV voltage networks, reconstruction and modernization of power transmission lines in 35 - 0.4 kV networks, including secondary power supply, expansion of the network and new subscribers' Introduction of electricity accounting system in 0,4 kV voltage networks and introduction of international standards of accounting and automation of accounting systems. As a result, the costs of the company will be reduced, the losses will be adjusted to the European standards, the number and duration of the power cuts will almost double and the voltage deviations will be eliminated, "the press release says.

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