Investments in upgrading electricity grids of Armenia in 2008. exceed $ 40 million total investment in the modernization of electric grid management of Armenia in 2008. will exceed 40 million, announced at a press conference in Yerevan, the general director of ZAO Electrical Network of Armenia “(ESA), Eugene Gladunchik.He recalled that in 2007. ESA investment was 35 million U.S. According to E. Gladunchika, the growth of electricity consumption population exceeded 5% instead of the planned 2.3%, but the energy industrial complex is expected some slowdown, as of 8 major industrial enterprises of Armenia, most of all consuming electricity, 7 are now idle. ” JSC Electric Network of Armenia is a subsidiary of the Russian company OAO Inter RAO UES. ” Esa, owns and manages all the electric networks of Armenia voltage from 220 V to 110 kV, and is the exclusive seller of electricity in the territory of Armenia. The company owns 323 substations of 110 kV and 35, serving 838 thousand subscribers. Sales of the company in 2007. amounted to 237 million dollars of investment – 35 million dollars in 2008. is projected company sales of U.S. $ 275 million, transfers ARMINFO.
