Tweet
ARMENIA STOPS PROVIDING GEORGIA WITH ELECTRICITY
AZG Armenian Daily #081, 05/05/2005
Economy
International Energy Corporation CJSC stopped providing Georgia with
electricity from Armenia. Mels Hakobian, deputy head of the company
told this to Novosti agency. He explained this with stabilization
of AMD against the US dollar, which makes the import of electricity
unprofitable.
"We purchase the energy in AMD and sell it in dollars, but now we are
suffering great loses like all the importers of Armenia," he said. The
company negotiated with the Georgian Telacy Company. The Georgian
side said that are not able to import energy on higher tariffs.
AZG Armenian Daily #081, 05/05/2005
Economy
International Energy Corporation CJSC stopped providing Georgia with
electricity from Armenia. Mels Hakobian, deputy head of the company
told this to Novosti agency. He explained this with stabilization
of AMD against the US dollar, which makes the import of electricity
unprofitable.
"We purchase the energy in AMD and sell it in dollars, but now we are
suffering great loses like all the importers of Armenia," he said. The
company negotiated with the Georgian Telacy Company. The Georgian
side said that are not able to import energy on higher tariffs.