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TBILISI: Russian Economic Expansion In Armenia

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  • TBILISI: Russian Economic Expansion In Armenia

    RUSSIAN ECONOMIC EXPANSION IN ARMENIA

    The Messenger
    Sept 21 2011
    Georgia

    Russian state controlled energy giant RAOEES owns 80% of Armenia's
    power system. It operates Armenia's nuclear power station and owns
    six hydro electric power stations on Razdan River. It also owns
    energy distribution systems in Armenia. There is some further news
    in this area now as well. Russia will be taking over a number of
    hydro power stations at Voritan River and in return the Russian side
    will not increase the price of the Russian natural gas delivered to
    Armenia via Georgia. Currently Armenia is paying USD 180 for 1000
    cubic meters of natural gas; this is already very cheap but on April
    1 2012 the prices were to increase.


    From: Baghdasarian
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