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Armenia's Subsidizing A Russian Company

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  • Armenia's Subsidizing A Russian Company

    ARMENIA'S SUBSIDIZING A RUSSIAN COMPANY

    Lragir.am
    13 april 06

    Member of Parliament Manuk Gasparyan stated April 13 at the Pastark
    Club that the words of the minister of defense do not correspond to
    the reality. Serge Sargsyan had announced that the fifth generating
    unit of the Thermal Power Plant of Hrazdan, sold to Russia, is like
    a three-storey building, only the basement of which had been built.

    Manuk Gasparyan announces that Armenia has already spent 217 million
    dollars on the generating unit. "RAO EES is now using the cooling
    system of the fifth generating unit for the other 4 generating units
    that belong to RAO EES. Or the defense minister does not know, but
    he must know because as he said nothing good happens without him,
    in brackets, of course," says the member of parliament.

    He draws attention to another problem, again related to the Thermal
    Power Plant of Hrazdan. Manuk Gasparyan says 20 per cent of the
    demand of gas is consumed by the population, the other 80 per cent
    is consumed by industry.

    "The Thermal Power Plant of Hrazdan, which is owned by Russia,
    consumes 50 per cent out of this 80 per cent. What do we have now? By
    subsidizing the industry Armenia, in fact, subsidizes the Russian
    company," says Manuk Gasparyan. In other words, Russia increases the
    price of gas, says the member of parliament, and the government of
    Armenia has to subsidize a Russian company.
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