YEREVAN.- Armenia’s Public Services Regulatory Commission approved on Thursday the investment program of Electric Networks of Armenia CJSC.

The company’s total investments amounted to about $50 million in 2011. Investment program of the company has six directions. The most important directions are reduction in average power outage duration (AMD 7.3 billion drams), reduction in average duration and frequency deviation (AMD 655 million), and special programs to attract new customers ( AMD 7.3 billion drams). This year the company also plans to replace more than 40,000 electric meters.

Commission’s head Robert Nazaryan said he would personally follow implementation of the program. The company will be brought to account unless commitments are fulfilled.