YEREVAN. – The Electric Networks of Armenia plan to invest over 8 billion drams into electric distribution network by the end of this year.

The investment program was approved during the meeting of the Public Services Regulatory Commission on Wednesday.

The total amount of the program is 8.585 billion drams with 42% to be allocated to improvement of the service quality and 58% to increasing of the number of consumers.

Head of Commission's department on development and monitoring said the Electric Networks Abgar Budaghyan should submit investment program for 2016-2018 by October 15.