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TBILISI: Raise In Gas Price Will Be Kept Below 15%,Armenian Presiden

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  • TBILISI: Raise In Gas Price Will Be Kept Below 15%,Armenian Presiden

    RAISE IN GAS PRICE WILL BE KEPT BELOW 15%, ARMENIAN PRESIDENT SAYS

    Prime News Agency, Georgia
    April 6 2006

    Tbilisi. April 06 (Prime-News) - The gas price for consumers will
    not increase by more than 10-15%, Noyan Tapan says as quoting Robert
    Kocharian, Armenian President.

    "We must get used to idea that gas price as low as USD 54 per 1000
    m3 does not exist for anyone", Robert Kocharian said in a televised
    address published by the press service of the Office of President.

    According to him, they intend to implement an investment project
    together with the Russian party, aimed at repair of the 5th generating
    unit of the Razdan Heat and Power Plant that would enable the
    government of Armenia to generate funds for compensations to the
    population for three years.

    Besides, construction of the new heat and power plant will soon be
    completed that would increase coefficient of efficiency.

    "As a result, we will have sufficient energy and its generation will
    take less gas. It will enable us to cut consumer price. Therefore,
    there are no grounds for anxiety - gas price will not increase by
    more than 10-15%", the Armenian president said.
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