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  • Government Must Control Energy Sector

    GOVERNMENT MUST CONTROL ENERGY SECTOR

    Lragir.am
    08 April 06

    Mher Shahgeldyan, Chair of the Committee of Defense, National Security
    and Internal Affairs, answering to the our news reporter's question
    onthe transfer of the Thermal Power Plant of Hrazdan to Russia, said
    this deal needs to be viewed from two aspects, political and
    economic. `Of course, from the political aspect the Armenian
    government must absolutely control its energy sector, especially
    strategic energy generation. From the economic aspect, it is possible
    that an energy plant, for instance, is co-owned by foreign
    companies. Of course, if they are friendly countries, and the
    companies are known worldwide. However, it is also a fact, and we have
    stated this for a number of times, that for the national security and
    energy independence the government must have control and levers of
    management.

    For economic benefit, it is important that about 600 million dollars
    is invested in Armenia, which will enable to operate the fifth
    generating unit and export electricity to neighbor countries. As far
    as I know, the fifth generating unit was put out to auction formerly,
    and there were no buyers willing to make investments to operate it.'
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