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Tariff For Potable Water In Yerevan To Grow By Almost 5%

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  • Tariff For Potable Water In Yerevan To Grow By Almost 5%

    TARIFF FOR POTABLE WATER IN YEREVAN TO GROW BY ALMOST 5%

    ArmInfo
    2009-06-08 15:12:00

    ArmInfo. Tariff for potable water in Yerevan from July 8, 2009 will
    grow by 4,7% to 181 drams per 1 cub m, VAT inclusive, against the
    previous 172,8 drams. Such a decision was made at Monday session of
    the Public Services Regulatory Committee of Armenia, the Commission
    told ArmInfo.

    According to the source data, the Commission has partially met
    the application of the Company which offered to increase the water
    tariff to 190 drams. The necessity of tariff raise was conditioned by
    reduction of the volumes of water use, growth of prices for electric
    power, inflation and change of the exchange rate. The Concession
    Agreement on Yerevan water industry was signed between the water
    supply operator represented by Ceneral des Eaux French Company,
    which manages "Yerevan Jur" CJSC, and the government of Armenia at
    late 2005. Under the agreement, the tariff should gradually reduce
    during 10 years to 90 drams per 1 cub m in 2015. To note, rise in the
    water prices happened 9 days later upon completion of the election
    of the Council of Elders of Yerevan.
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