YEREVAN, DECEMBER 11, ARMENPRESS: Electric Networks of Armenia submitted to the Public Services Regulatory Commission of the Republic of Armenia an investment program for 2014-2018. Armenpress reports that for the coming five years ENA presented an investment program of about 70 billion drams. ENA intends to spend about 32% of the total investment indicator or 22,1 billion drams to reduce the average annual frequency and duration of the electricity voltage deviation beyond the allowable limits.

The volumes of the investments directed to the new customer acquisition and special programs implementation will make more than 20,6 billion drams or 30% of the total investment indicator.

CJSC Electric Networks of Armenia was founded in May of 2002 as merger of four state regional companies (Yerevan Electric Networks, North Electric Networks, South Electric Networks and Central Electric Networks) distributing and selling electric energy. The company is mainly engaged in regulated distribution and sales of electric energy. Overall spread of its grid is 36 thousand km. The company has an exclusive license for distribution of electric energy within the Republic of Armenia. Power distribution is implemented at tariffs confirmed by the Public Services Regulatory Commission of the Republic of Armenia. The company provides service to about 935.000 customers.

ENA CJSC is a subsidiary of ОJSC RAO UES INTERNATIONAL CJSC.

ОJSC INTER RAO UES is a functioning operator of electricity exports and imports on the territory of Russia. INTER RAO UES OJSC currently heads a group of more than 20 companies based in fourteen countries. By acquiring foreign assets, the company significantly consolidates its position in commercially attractive electric power markets in Europe, the South Caucasus, the Far East and Central Asia. 

CJSC ENA is one of the biggest tax-payers in the Republic of Armenia.