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Future Plans
Armenia does not have its own reserves of oil and natural gas to use in the production of energy. Therefore, Armenia relies on imported oil and gas for this purpose. Currently, most of the country's electricity is supplied by the Armenian Nuclear Power Plant which is quite an old facility and there are many concerns about the capacity of the power plant to be a major source of the energy supply for Armenia in a long-run period.

The regulated distribution and sales of electrical energy in Armenia is performed by the CJSC "Electrical Networks of Armenia". Tashir Group, which is the shareholder of the ENA has announced that it will spend about 900 million US dollars on the distribution grid to upgrade the current power infrastructure in Armenia.

In July, 2017 "High Voltage Electric Networks’’ CJSC reported about its discussions with the government of the Islamic Republic of Iran. The parties discussed issues related to "Iran-Armenia 400 kV overhead transmission line" project. The project has an objective of increasing the power supply capacities between the energy systems of the two countries.

The Eurasian Development Bank has signed a memorandum of intention with the Electric Networks of Armenia for providing a loan to the ENA which will be used for constructing new distribution networks, enhancing the existing ones, etc.

Additionally, the Ministry of Energy and Natural Resources has announced that it plans to perform investment program for modernization of the power grid of Armenia. The representatives of the Ministry said that the modernization expenses will be financed by different credits and grant programs implemented by the Ministry.

On the top of this, the German's KfW Bank has agreed to finance the construction of the Armenia-Georgia substation and the power transmission line with the objective of uniting the energy systems of these two countries. This project will be implemented in stages and will aim at increasing the volume of energy turnover between the countries from 200 MW to 1050 MW.