Yerevan /Mediamax/. Public Service Regulatory Commission (PSRC) approved the investment program of “Electric Networks of Armenia” CJSC for 2009-2011 today.

As the Head of Investment Management Department of “Electric Networks of Armenia” Company Yuri Gavrilenko stated at PSRC session, the total volume of investments in 2009-2011 will make 65.5bln AMD (excluded VAT), of which 34.8bln in 2009.

According to him, this year the Company intends to realize works on cutting down the number and the duration of electricity disconnections among the subscribers during the year, connecting new subscribers, reducing the number and the duration of deviations from the voltage norms, providing security equipment and substituting the outdated equipment, etc.

Head of Investment Programs Department of PSRC Abgar Budagyan stated that the given investments will allow cutting down the number and the duration of electricity disconnections among subscribers by 3%, and the number and the duration of deviations from voltage norms by 6%.

General Director of “Electric Networks of Armenia” CJSC Yevgeni Gladunchik noted that the leadership of the Company made a decision to renounce the old equipment and now works are in process on implementing new equipment.

PSRC Chairman Robert Nazaryan expressed content in connection with improvement of the quality of work by “Electric Networks of Armenia” Company.