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Banking: Improving Energy Access in Armenia
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As one of Armenia’s largest development partners, the
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Electricity in
While this Caucasus nation is fully electrified, much of its Soviet-era power infrastructure is in poor condition leading to blackouts and financial losses in the power sector.
ADB has been helping
Paolo Spantigati
Country Director
“Armenia is working very actively not only with the government but with the private sector.
ADB’s focus is to support the move towards a low-carbon transition by developing renewable energy as well as energy efficient technologies.”
ADB helped the private sector rehabilitate four hydropower plants built in the 1930s-1960s, enhancing safety and boosting generation capacity by 45 megawatts.
ADB helped the government make the electricity transmission and distribution network more efficient by expanding control and management systems, rehabilitating 890 kilometers of distribution lines and 1,200 transformers, and installing 387,000 automatic meters.
Deputy Minister
“Thanks to the support of ADB, in cooperation with the operation of the High Voltage Electric Networks (HVEN), we were able to modernize the accounting system of all high-voltage electrical networks by implementing the Supervisory Control and Data Acquisition (SCADA) system which can be accessed online.
ADB has also supported high-voltage power grids during substation reconstruction programs and has always been one of our most reliable partners.”
ADB also provided working capital to the country’s sole energy distributor amid financial difficulties during the COVID-19 pandemic.
General Director
Electric Networks of
“The investment programs of ENA are very important in the energy system of
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