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SERGE SARGSIAN CONSIDERS SALE OF HRAZDAN TPP 5th UNIT TO RUSSIA TO BE SUCCESSFUL
Noyan Tapan
Apr 12 2006
YEREVAN, APRIL 12, NOYAN TAPAN. RA Defence Minister Serge Sargsian
consideres the sale of the 5th power unit of Hrazdan Thermal Power
Plant to Russia to be a successful and favorable deal. He expressed
this opinion in an interview to Radio Liberty on April 11. In repsonse
to the criticism that only 150 mln USD was needed for repairs of the
5th unit and there was no necessity to sell it, S. Sargsian said
that at least 180 mln USD was to be spend and the return on these
investments would come in 10 years at best. "That is, we would have
a enterprise operating at a profit in 2017 at best. And how much
would this profit be, how much would the gas price increase?... As
they say, only Nostradamus can answer these questions," the minister
added. S. Sargsian does not subscribe to the opinion that all energy
capacities of Armenia have been given to one state. "First, not all
capacities. Second, if we think more carufully about it, we'll see
there is no difference here, Not a difference at all.
And third, when economic deals and politics are being mixed, one gets
neither politics nor economy as a result," S. Sargsian noted.
Noyan Tapan
Apr 12 2006
YEREVAN, APRIL 12, NOYAN TAPAN. RA Defence Minister Serge Sargsian
consideres the sale of the 5th power unit of Hrazdan Thermal Power
Plant to Russia to be a successful and favorable deal. He expressed
this opinion in an interview to Radio Liberty on April 11. In repsonse
to the criticism that only 150 mln USD was needed for repairs of the
5th unit and there was no necessity to sell it, S. Sargsian said
that at least 180 mln USD was to be spend and the return on these
investments would come in 10 years at best. "That is, we would have
a enterprise operating at a profit in 2017 at best. And how much
would this profit be, how much would the gas price increase?... As
they say, only Nostradamus can answer these questions," the minister
added. S. Sargsian does not subscribe to the opinion that all energy
capacities of Armenia have been given to one state. "First, not all
capacities. Second, if we think more carufully about it, we'll see
there is no difference here, Not a difference at all.
And third, when economic deals and politics are being mixed, one gets
neither politics nor economy as a result," S. Sargsian noted.