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5th Block of Hrazdan Heat Power Plant Sold to Gazprom
for $248.8 Million
07.04.2006 22:22 GMT+04:00
/PanARMENIAN.Net/ By the RA government decision of
April 6, the 5th block of the Hrazdan Heat Power Plant
was sold to Gazprom for $248.8 million, Armenian
Energy Minister Armen Movsisyan told journalists.
Movsisyan said $188 million will be subsidized to the
consumers during the period of April 10 - December 31,
2008, the rest of the sum will be transferred to the
budget. The tariff of 90 000 AMD for 1 thousand cubic
meters of gas set for natural persons will be
subsidized by the state at the rate of 25 000 AMD
while the tariff of $146.51 set for major consumers
will be subsidized at the rate of $52.01. The funds
will be transferred to the off-budget account. During
next two years the Russian party should invest some
$150-160 million in the 5th block of the Hrazdan Heat
Power Plant and complete the block. The agreement also
notes that till 2009 Gazprom will not change the price
for gas.
5th Block of Hrazdan Heat Power Plant Sold to Gazprom
for $248.8 Million
07.04.2006 22:22 GMT+04:00
/PanARMENIAN.Net/ By the RA government decision of
April 6, the 5th block of the Hrazdan Heat Power Plant
was sold to Gazprom for $248.8 million, Armenian
Energy Minister Armen Movsisyan told journalists.
Movsisyan said $188 million will be subsidized to the
consumers during the period of April 10 - December 31,
2008, the rest of the sum will be transferred to the
budget. The tariff of 90 000 AMD for 1 thousand cubic
meters of gas set for natural persons will be
subsidized by the state at the rate of 25 000 AMD
while the tariff of $146.51 set for major consumers
will be subsidized at the rate of $52.01. The funds
will be transferred to the off-budget account. During
next two years the Russian party should invest some
$150-160 million in the 5th block of the Hrazdan Heat
Power Plant and complete the block. The agreement also
notes that till 2009 Gazprom will not change the price
for gas.