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Electricity Market
Sector structure
Upstream 33 generation companies, 3 of which remain state-owned.

Armenian Nuclear Power Plant's (ANPP) is financially managed by Inter RAO-UES (subsidiary of Russia's energy companies RAO-UES and RosEnergoAtom); ownership and physical operation on Armenian Government, pursuant Nuclear Law.

Three major thermal plants. Yerevan TPP remains state-owned, whilst Hrazdan TPP and Vanadzor TPP were sold to Russian investors.

Hydro schemes were partly privatised: Sevan-Hrazdan Cascade (sold to RAO-UES); and Armenia’s small HPPs (more than 20 schemes), while Vorotan Cascade remains state-owned.

Power System Operator JSC, controlled by Ministry of Energy, is the central dispatch service operator with the function of single-buyer.
Networks One state-owned transmission company: High-Voltage Electric Network Closed JSC, controlled by the Ministry of Energy.

As part of the Trans-Caucasian Power Pool, operational interconnections with Georgia (two 110 kV lines) and Iran (one 220 kV line, a second high-voltage power line since 2004, a third line’s under construction since 2005, for 450 MW overall interconnection capacity).

Electric Network of Armenia (ElNetArm), controlled by Channel Islands-registered Midland Resources Holding, is the unique distribution company.
Gas Market
Sector structure No significant domestic production. Natural gas imports come primarily from Russia and more recently Turkmenistan (piped through Russia).

Long-term supply agreements signed with Russian monopolist Gazprom. Swap-deal (natural gas for electricity) signed with Iran at the end of 2004.
Current issues Replacement of single-buyer model with direct contract model.

Integration of electricity networks with Iran and Georgia (eventually also with Russia).

Diversification of gas supply sources, through the development of Iran-Armenia pipeline and other alternatives to Caspian Sea export routes.

Government is planning investment for completion of HTPP Unit 5 (USD 150 mil), construction of new 208 MW unit at Yerevan TPP (USD 165 mil) and expansions or rehabilitation of network lines and interconnections.

Political conflicts in the region prevents use of interconnections with Azerbaijan (330 kV line), Azerbaijan’s exclave territory Nakhichevan (a 220 kV line and two 110 kV lines) and Turkey.
National Legislation Law of the Republic of Armenia "On the Regulatory Body for Public Services"

Energy Law

Law on Privatization of EDCs
Sources IERN staff on publicly available information