Armenia’s Electric Networks Says Ready For Winter Perio

ARMENIA’S ELECTRIC NETWORKS SAYS READY FOR WINTER PERIOD

ARKA
Dec 22, 2008
YEREVAN

Electric Networks of Armenia (ENA) is ready for the winter period,
reported ENA Director General Yevgeni Gladunchik.

"Investments into the company hit a record high this year, allowing us
to get ready for the winter and get positive feedback from INTER RAO
UES," he said, adding INTER RAO UES granted "winter-time passports"
to all its branches in Armenia in November.

"Our commission has surveyed our branches to eliminate errors,"
Gladunchik said. "With the deadline of repairs growing closer, the
company can already state it is ready for the winter period."

Subsidiary of Russia’s electricity trader INTER RAO UES (owned
by Russia’s atomic energy agency Rosatom), the company owns 220
kW-110,000 W electric networks in Armenia and is the country’s
exclusive electricity distributor.

The company owns 323 substations and serves 838,000 customers. ENA’s
sales output reached $237mln last year, with investments totaling
$35mln.

The company forecasts $275mln sales output and $38mln investments by
end-2008.

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