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Karen Karapetyan: ArmRosgazprom Carries On Investment Policy

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  • Karen Karapetyan: ArmRosgazprom Carries On Investment Policy

    KAREN KARAPETYAN: ARMROSGAZPROM CARRIES ON INVESTMENT POLICY

    /PanARMENIAN.Net/
    09.07.2009 13:32 GMT+04:00

    /PanARMENIAN.Net/ ArmRosgazprom carries on its investment policy
    despite the financial crisis.

    "The main task is construction of 5th generating unit and modernization
    of the Hrazdan thermal power plant. In total, a sum equivalent to $200
    million will be invested," said Karen Karapetyan, director general
    of ArmRosgazprom.

    "With successful implementation of the project, the company will
    increase energy export volumes," he said, adding that due to fall
    in prices at the international market Hrazdan-5 administration's
    expenditures reduced by 8-9%.

    From: Emil Lazarian | Ararat NewsPress
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