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'ARMROSGAZPROM' CJSC TO INCREASE INVESTMENTS BY 9,2% IN 2009
ArmInfo
2009-01-27 11:45:00
ArmInfo. The total volume of investments of "ArmRosgazprom" CJSC in
2009 will make up 78,6 bln drams ($257.7 mln) against the scheduled
72 bln drams ($236 mln) in 2008, Head of the Company press service
Shushan Sardaryan told ArmInfo.
She said the actual volume of investments in 2008 is still under
specification as the results of 2007 have not yet been summed up. She
also said 30,5 bln drams of the investment programme for 2009 fall on
the fifth power unit of Hrazdan HPP ("Hrazdan- 5"). It is scheduled
to invest these funds in completion and upgrading of the power unit,
in particular, for implementation of construction and assembling
operations and acquisition of equipment. Besides acquisition of assets
of incomplete construction of the 5th power unit of Hrazdan HPP at the
rate of $248,8 mln, 'ArmRosgazprom' CJSC carries out an investment
project of construction completion and upgrading of the power unit
with total volume of about $180 mln under the agreement from March 31,
2006 signed between the government of Armenia and "Gazprom" OJSC. Due
to the investments in 2010, a power plant equipped with up-to-date
and efficient gas-turbine facilities will be put into operation. The
indicated project is financed at the cost of the funds of additional
emission of shares of 'Armrosgazprom' in favour of 'Gazprom' OJSC. The
remaining 48 bln drams of investments in 2009 will be directed to
reconstruction and extension of the Abovyan gas storage, completion
of the engineering infrastructure of Iran-Armenia gas pipeline,
completion of construction of the technological communication, testing
of the gas pipeline and reconstructive measures, completion of the
primary gasification programme and installation of security systems
(alarm devices, shutoff valves).
ArmInfo
2009-01-27 11:45:00
ArmInfo. The total volume of investments of "ArmRosgazprom" CJSC in
2009 will make up 78,6 bln drams ($257.7 mln) against the scheduled
72 bln drams ($236 mln) in 2008, Head of the Company press service
Shushan Sardaryan told ArmInfo.
She said the actual volume of investments in 2008 is still under
specification as the results of 2007 have not yet been summed up. She
also said 30,5 bln drams of the investment programme for 2009 fall on
the fifth power unit of Hrazdan HPP ("Hrazdan- 5"). It is scheduled
to invest these funds in completion and upgrading of the power unit,
in particular, for implementation of construction and assembling
operations and acquisition of equipment. Besides acquisition of assets
of incomplete construction of the 5th power unit of Hrazdan HPP at the
rate of $248,8 mln, 'ArmRosgazprom' CJSC carries out an investment
project of construction completion and upgrading of the power unit
with total volume of about $180 mln under the agreement from March 31,
2006 signed between the government of Armenia and "Gazprom" OJSC. Due
to the investments in 2010, a power plant equipped with up-to-date
and efficient gas-turbine facilities will be put into operation. The
indicated project is financed at the cost of the funds of additional
emission of shares of 'Armrosgazprom' in favour of 'Gazprom' OJSC. The
remaining 48 bln drams of investments in 2009 will be directed to
reconstruction and extension of the Abovyan gas storage, completion
of the engineering infrastructure of Iran-Armenia gas pipeline,
completion of construction of the technological communication, testing
of the gas pipeline and reconstructive measures, completion of the
primary gasification programme and installation of security systems
(alarm devices, shutoff valves).