Finance for Electricity Distribution Efficiency in Armenia

THE Asian Development Bank’s (ADB) is providing an $80 million loan to Electric Networks of Armenia (ENA) to help improve electricity distribution and increase energy independence and efficiency in Armenia.

“A more efficient and reliable energy distribution network is important for economic growth in Armenia,” said Sonali Tang, Senior Investment Specialist at ADB’s Private Sector Operations Department. “The investment program will contribute to the Government of Armenia’s goal of energy independence and energy efficiency. Our partnership with ENA will have a meaningful impact on Armenian people and businesses by improving the reliability of electricity distribution through the proposed investment program”

The investment will help ENA improve private sector electricity distribution in Armenia by reducing distribution losses from around 10% in 2016 to around 8% by 2021. ADB support will allow ENA to improve the quality of the distribution network and services of its multi-site operations across the country, reduce electricity losses and operational expenses, improving technical maintenance and safety conditions, modernizing the metering system, rehabilitating, reinforcing, and augmenting the distribution network, connecting new customers, as well as introducing international standards of management and automated control system.

ENA,  founded in 2002 following the privatization and merger of four state-owned regional electricity distribution companies, is the licensed distributor of electricity in Armenia.

Picture of Armenian Capital Yerevan and Mount Ararat by Սէրուժ Ուրիշեան (Serouj Ourishian) - Own work, CC BY-SA 3.0.

Friday 30th June 2017


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