CLOSED JOINT STOCK COMPANY
“ELECTRIC NETWORKS OF ARMENIA”
GENERAL DIRECTOR REPORT, YEVGENIY A. BIBIN
REPUBLIC OF ARMENIA
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
REPUBLIC OF ARMENIA
GENERAL INFORMATION
Territory – 29 743 km² (142-nd in the world)
Population – 3 266 000 (135-th in the world)
Administrative-territorial division – marzes (10)
Settlements – 919
The capital and the biggest city – Yerevan (48 cities altogether)
Other big cities – Gyumri, Vanadzor, Hrazdan, Armavir, Artashat
GDP for per head – $ 5 178
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
ARMENIAN ENERGY MARKET
SCHEME
PRODUCERS
Hydropower stations
Nuclear power station
Heat power plants
INFRASTRUCTURE
High-voltage electric networks
System operator
Electric Networks of Armenia
Big industrial consumers
Energy flow
Cash flow
Retail consumers
CONSUMERS
Export
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
GENERAL INFORMATION
“Electric Networks of Armenia” CJSC (hereinafter – the Company) is a
monopolistic organization distributing electric power in the territory of the
Republic of Armenia.
Founded in May, 2002 as merger of four state regional companies responsible for
distributing and sales of electric power. In 2005, the company Inter RAO UES
became the beneficiary of 100% shares of ENA CJSC.
The Company owns distribution electric networks 0,4 – 110 kV.
The Company is the biggest employer of the Country (about 8 000 employees).
The Company is one of the biggest tax-payers in Armenia (the 8-th).
The tariffs is both and electric power purchase and supply are regulated by Public
Services Regulatory Commission.
Operates in line with the RAB regulation method (Regulatory Accept Base) under
the license of the Company. The RAB regulation method is based on setting the
tariff margin equal to the total of operating expenses, rate of return of the capital
and return on net investment.
ЭНЕРГИЯ БЕЗ ГРАНИЦ
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SHARES OWNERSHIP SCHEME
OJSC INTER RAO UES
100%
INTER RAO HOLDING B.V.
100%
CJSC ELECTRIC NETWORKS
OF ARMENIA
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
COMPANY STRUCTURE
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
TECHNICAL INDICES
Total
Electric and transformer substations
Distribution points
Aerial lines, km
Cable lines, km
Transformer group capacity
8 297
260
24 921
5 414
9 366
110
kV
35
kV
101
–
2 763
–
4 477
223
–
2 318
68
1 745
6(10)
kV
0,4
kV
7 973
–
260
–
8 125 11 715
3 282 2 064
3 144
–
The Company serves both AL and CL, substations and DP 0,4 to
110 kV;
The company doesn’t produce electric power, it purchases and
distributes electric power to the consumers.
ЭНЕРГИЯ БЕЗ ГРАНИЦ
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BASIC INDICES
mln. USD 300,0
250,0
200,0
150,0
100,0
50,0
0,0
Sales profit
EBITDA
2005
166,6
14,3
2006
188,7
9,9
2007
235,3
35,7
2008
273,1
29,1
2009
253,4
48,1
2010
265,8
55,8
2011
289,5
50,3
Indices in US dollars, counted based on average rate for the corresponding year.
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
CONSUMERS NUMBER
6%
thousand
consumers
957
937
941
966
948
922
907
2005
2006
2007
93% increase of population.
2008
ЭНЕРГИЯ БЕЗ ГРАНИЦ
2009
2010
2011
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ELECTRIC POWER SALES
mln. kWh
2005 2006 2007 2008 2009 2010 2011
Own market
Export
4 181 4 272 4 521 4 749 4 405 4 496 4 847
213
322
135
127
109
142
250
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
ELECTRIC POWER LOSSES
15,6%
14,5%
- 2,7%
14,0%
13,5%
13,2%
12,6%
2005
2006
2007
2008
In 2002 the losses made 25,5%.
ЭНЕРГИЯ БЕЗ ГРАНИЦ
2009
2010
12,9%
2011
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COLLECTION RATE
100,1% 100,0%
2005
2006
101,0%
99,2%
2007
99,1%
2008
2009
99,6%
2010
100,2%
2011
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
INVESTMENT PROGRAMS
78,1
mln. USD
99,6
46,0
37,1
27,5
15,6
8,0
2005
Results:
2006
2007
2008
2009
2010
2011
Improvement of power supply quality;
Improvement of reliability of power supply;
Electric power losses reduction.
ЭНЕРГИЯ БЕЗ ГРАНИЦ
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THE BIGGEST INVESTMENT
PROJECTS
Rehabilitation of 17 substations 110 kV financed by the
loan given by JBIC;
Rehabilitation of relay protection and automatics of 17
substations 110 kV;
“Tsitsernakaberd” substation construction;
Replacement of the cells with oil switches by cells with
vacuum switches and micropocessor-based relay
protection (1394 ps.) in 35-110kV substations and
distribution points of the Company.
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
PERSPECTIVE INVESTMENT
PROJECTS
Construction of cable tunnel from “Thithernakaberd” substation to
the center of Yerevan, construction of 5 distribution points, cable
lines laying and construction of 19 transforming stations 6/0,4 kV
for “Tsitsernakaberd” 110/6 kV substation power allocation for the
new constructing units in the center of the city;
Large-scale reconstruction of the 0,4-10 kV distribution
network in the regions of the country for the improvement of
the power supply quality;
Complete shift of the old meters (shift of the inductive meters
with the electronic ones – 700 thousand ps.) and enlargement of
ASCEE in 0,4 kV networks in the territories with great number of
losses;
Telemetry and telemechanics system implementation (SCADA
type) in 110-35 kV substations.
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
ENVIRONMENT PROTECTION
The projects on the development of normative documents on
measures to eliminate adverse environmental impacts with
the the Ministry of Ecology of RA;
Permission to use three underground water well is takes
from Water Resources Regulatory Agency of RA;
Passports on hazardous waste are developed and approved;
Examination on the impact of the environment during
construction work is made;
The program on step-by-step roof replacement is being put into
practice (81 thousand m2 has been replaced).
ЭНЕРГИЯ БЕЗ ГРАНИЦ
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ENVIRONMENT PROTECTION
Plans for the future:
Application of Ecology regulation system according to ISO
phase
0
14001 standards.
phase name
organizational and
technical activities
Time schedule
2012
2013
2014
2015
I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV V VI VII VIII IX X XI XII I II III IV
1 preliminary analysis
2 planing
3
adoption and
functioning
4 internal audit
measuring and
monitoring
analysis from
6
management
readiness assessment
7
to the cerificated audit
5
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
HUMAN RESOURCES AND SOCIAL
POLICY
The key goals of the personnel policy:
Establish and maintain friendly environment for recruitment,
development and maintenance of an optimal human resources
needed to solve problems in line with the corporate strategy of
the Company;
Ensure balance between economically and socially efficient use
of human resources;
Continuous improvement of personnel management in line with
related modern concepts considering the features and standards
of the Company.
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ЭНЕРГИЯ БЕЗ ГРАНИЦ
SPONSORSHIP PROJECTS, CHARITY
Development and implementation of targeted social programs is a
widespread practice and covers areas viewed as priority by the Company
since 2002.
The projects include:
Own programs,
Partnership programs with local, regional
and state bodies, as well as non-commercial
organizations.
Such programs encompass assistance to orphanages, churches,
old people’s homes, county agencies, etc. The Company
regularly contributes to the development of social and
humanitarian spheres, science, culture, health, local institutions,
etc. The Company regularly contributes towards the
development of social and humanitarian fields, science, culture,
public health, sport and education.
2005-2011 the Company spent $ 5,7 mln. on charity.
ЭНЕРГИЯ БЕЗ ГРАНИЦ
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THANK YOU FOR YOUR ATTENTION!
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