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Four Operating Units Of Thermal Plant Sold For 35 M,Fifth Unit Sold

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  • Four Operating Units Of Thermal Plant Sold For 35 M,Fifth Unit Sold

    FOUR OPERATING UNITS OF THERMAL PLANT SOLD FOR 35 M, FIFTH UNIT SOLD FOR 248 M DOLLARS

    Lragir.am
    13 april 06

    On April 12 the core issue of debates between the government and the
    National Assembly was the fifth generating unit of the Thermal Power
    Plant of Hrazdan and the Iran-Armenia gas pipeline. Prime Minister
    Andranik Margaryan, Defense Minister Serge Sargsyan, Minister of
    Energy Armen Movsisyan elucidated the topic.

    The prime minister says Hrazdan 5 was a component of the Property
    for Debt Program, which was rejected by Russians, however. Some
    time later Serge Sargsyan stated the opposite. According to him,
    Russians have displayed interest in Hrazdan 5 since 2000. However,
    their stipulation was short-term return on investment. "And it meant
    that we were to buy all the energy generated in this unit. Why if we
    have cheap electricity?" the defense minister elucidated the energy
    problems. This time Russians rejected this stipulation, and the deal
    was struck. "Nothing good happens without me," said Serge Sargsyan
    with regard to Hrazdan 5. And Armen Movsisyan had to explain how it
    happened that we sold all the four generating unit to Russia for 35
    million dollars, and the fifth generating unit, half-built, was sold
    for 248.8 million. Because when it starts operating, it will use
    240 grams of gas to generate 1 kWh electricity, whereas the other
    four use 400 grams. Even half-built it cannot be compared to these,
    said Armen Movsisyan.

    The prime minister stated that the sale of Hrazdan 5 is not related
    with the Iran-Armenia gas pipeline and the other Iran-Armenia
    projects, and the Iran-Armenia gas pipeline was not discussed during
    the negotiations for Hrazdan 5. "The deal was a big business, it was
    sold successfully," thinks the prime minister of Armenia.

    "Owning a pipeline has nothing to do with security. We have to discuss
    if Armenia needs to have two gas sectors: state and Armrusgasard. It is
    a question to be discussed in the future," says the prime minister. It
    does not depend on the ownership of the pipeline; the supplier
    must supply gas to consumers, and "it does not matter whether the
    Iran-Armenia gas pipeline under construction will be included in
    Armrusgasard," says the prime minister.
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