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K. Karapetyan Says "Armrusgasprom" Consistently Continues Its Invest

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  • K. Karapetyan Says "Armrusgasprom" Consistently Continues Its Invest

    K. KARAPETYAN SAYS "ARMRUSGASPROM" CONSISTENTLY CONTINUES ITS INVESTMENT POLICY

    ARMENPRESS
    JULY 9, 2009
    YEREVAN

    YEREVAN, JULY 9, ARMENPRESS: Director of the "ArmRusgasprom" company
    Karen Karapetyan visited the constructional area of 5-th energy unit
    of Hrazdan heat and power plant, got acquainted with the process
    of works talked with the specialists, got interested in the working
    conditions of the workers. He assessed the process of the works as
    efficient noting that first of all it is conditioned by the presence
    of a skillful team, which shows great skill in organizing the works
    in a timely and proper manner.

    According to him, despite the impact and consequences of the financial
    crisis, "ArmRusgasprom" consistently continues its investment policy,
    the main load of which falls on the project of the accomplishment
    and modernization of Hrazdan Heat and Power Plant.

    On the whole, 200 million USD is intended to invest in Hrasdan
    5th energy unit. According to K. Karapetian after the successful
    implementation of the project "ArmRusgasprom" will get the opportunity
    of participating in the production of electric power, which is one
    of the profile forms of the company's activity and will extend the
    export of energy.

    "The implementation of the project in the conditions of the financial
    crisis is profitable for the company to some extent. Taking into
    consideration the tendency for the decrease of product and service
    prices in the international market, the leadership of Hrazdan 5 managed
    to gain some necessary equipments on comparatively low prices and have
    financial savings of about 8-9% in regard of some contracts. These
    sums will be directed towards the implementation of the additional
    technological projects", - K. Karapetyan said.
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