YEREVAN, February 3. / ARKA /. The Armenian Electrical Networks (AEN), the Russian-owned Armenia’s national electrical power operator, said today it had sold last year 6.186 billion Kw/h electricity, which was 1.3% more than in the previous year.
The company said also its total losses dropped to 12.97 % from 13.13 % in 2012 due to drop in technological losses as a result of a string of measures implemented to improve the efficiency of the network.
The total length of power lines was said to have increased by 1.6 percent to 31,397 km due to connecting new subscribers to the network. The company said it had spent last year 6.1 billion drams (over 60) percent of its investments) on connecting new subscribers.
Company’s CEO, Yevgeniy Bibin, was quoted as saying in a press release that AEN’s major priority this year will be reliable and uninterrupted supply of electricity to consumers throughout the year.
He said the company will also work to upgrade part of the equipment, improve the quality of management and achieve greater transparency.
The Electrical Networks of Armenia is a 100% subsidiary of Russian JSC INTER RAO UES. It has an exclusive license for the transmission and distribution of electricity to about 950,000 customers. -0-