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  • Armenia is still energy insecure

    Armenia is still energy insecure

    http://hetq.am/eng/news/26709/armenia-is-still-energy-insecure.html
    11:01, May 22, 2013

    On May 22, the U.S. Embassy in Armenia hosted the conference `The
    Future of Energy in Armenia: A Conference on Renewable Energy and
    Energy Efficiency in Armenia'.


    The conference explored opportunities for Armenia to further diversify
    energy sources and improve energy efficiency. The performance of the
    energy sector and the quality of services have improved as a result of
    the Armenian Government's legal and regulatory reforms, new
    institutional developments, and privatization as supported by the U.S.
    Government and other donors. However, Armenia is still energy insecure
    and remains one of the most energy-import dependent countries in the
    region. The primary challenges to Armenia's energy security are
    reliance on oil and natural gas import, and the resultant
    vulnerability to price fluctuations of these imports, ensuring the
    continued safe operation of the Metsamor nuclear power plant, and the
    limited development of alternative and renewable sources of energy.
    Inefficient energy usage intensifies the impact of rising energy
    prices on the economy, especially for low income and vulnerable
    households. Resolution of these issues will further promote
    sustainability and contribute to development of Armenia's energy
    sector.


    U.S. Ambassador John A. Heffern and Minister of Energy and Natural
    Resources Armen Movsisian gave opening remarks, and panelists included
    Areg Galstyan, Deputy Minister of Energy and Natural Resources, Vahan
    Sargsyan, Director of Energy Strategy Center of the Scientific
    Research Institute of Energy, representatives from the Public Service
    Regulatory Commission, the Water Resource Management Agency of the
    Ministry of Nature Protection, NGOs, the private sector and donor
    organizations.


    In October, 2012, the U.S. Embassy and the Government of Armenia
    signed a Memorandum of Understanding on Energy Sector Cooperation.
    U.S. Government-funded projects continue to enhance the Government of
    Armenia's capacity to diversify energy sources, develop renewable
    energy and improve energy efficiency. This conference was a part of
    the implementation of the U.S. - Armenian Memorandum of Understanding
    on energy sector designed to foster dialogue on issues related to
    energy efficiency and renewable energy between the government, the
    private sector, NGOs, and the donor community.


    From: Baghdasarian
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