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Increase Of Gas Price For Armenian Consumers Will Not Exceed 10-15%

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  • Increase Of Gas Price For Armenian Consumers Will Not Exceed 10-15%

    INCREASE OF GAS PRICE FOR ARMENIAN CONSUMERS WILL NOT EXCEED 10-15%

    PanARMENIAN.Net
    06.04.2006 20:09 GMT+04:00

    /PanARMENIAN.Net/ After a working meeting at ArmRosGazprom Armenian
    President Robert Kocharian stated, "along with Russia Armenia is
    going to implement a large investment program to modernize the 5th
    energy block of the Hrazdan thermal plant."

    "Within past 2-3 months we actively worked with Russia to find
    solutions to mitigate increase of gas prices," the Armenian leader
    said. Beginning on April 1 ArmRosGazprom buys Russian gas as $110
    for 1 thousand cubic meters instead of the previous $54.

    "I think we found a decision, the Government is charged to formulate
    the final decision in the coming few days. Along with Russia Armenia
    is going to implement a large investment program to modernize the 5th
    energy block of the Hrazdan thermal plant. Thus the Armenian Government
    will acquire funds to compensate for the rise in the gas price in
    the coming three years both for the population and business. By
    implementing the program we will get electric power, using less
    gas," the Armenian President said. "The population need not worry,
    the increase of the gas price for consumers will not exceed 10-15%,"
    Kocharian said.

    The Armenian President indicated the importance of modernization of
    Abovyan underground gas-holder. "If we increase the capacity of the
    gas-holder 2-3 times, we will be protected against any surprises,"
    Robert Kocharian remarked, Mediamax reports.
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