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Raise Of Gas Price Will Cause Insignificant Increase Of Energy Tarif

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  • Raise Of Gas Price Will Cause Insignificant Increase Of Energy Tarif

    RAISE OF GAS PRICE WILL CAUSE INSIGNIFICANT INCREASE OF ENERGY TARIFFS (ARMENIA)

    Regnum, Russia
    March 21 2006

    Increase of natural gas price will cause insignificant increase of
    energy tariffs for domestic users, only on $0.8 or 15%, stated Deputy
    Head of Public Services Regulation committee of Armenia Nikolai
    Grigoryan on March 21. He said that Armenian power plants produce
    only 25% of the country's energy, so raise of cost price will not
    lead to serious increase of gas price for the population.

    As a REGNUM correspondent informs, Grigoryan noted that Hrazdan power
    plant already presented its application in the committee that must be
    considered before June. And because Hrazdan and Yerevan power plants
    will suffer losses, the committee will revise energy tariff in the
    beginning of 2007.

    In his turn, MP Manuk Gasparyan said that Hrazdan power plant is
    Russian property, and Armenia must cease using its energy. "They
    can export their energy to Georgia, Iran, but we don't need such
    expensive energy," he said. According to Gasparyan, Russia must
    modernize Hrazdan power plant to lower the price.

    It should be notes, that Hrazdan power plant has been transferred to
    Russia in the framework of an Armenian-Russian inter-governmental
    agreement on Armenian debts repayment. Russia bought Hrazdan power
    plant for $31. It is the only way to supply energy from Armenia
    to Georgia.
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