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INSIGNIFICANT INCREASE IN ELECTRICITY PRICE EXPECTED AT VOROTAN CASCADE
June 06, 2014 | 18:55
YEREVAN. - There will be insignificant increase in electricity price
at the Vorotan cascade in 2014, Public Services Regulatory Commission
chairman Garegin Baghramyan told Armenian News-NEWS.am.
Back in 2010 the Armenian government received from the German KfW bank
a loan of 51 million euros to renovate Vorotan cascade. In 2010-13,
the tariff for sale of electricity from Vorotan was significantly
increased, from 0.96 drams in 2010 to 6.8 - in 2013.
Baghramyan claims there is no need in further increase, and the
changes will be insignificant.
The agreement on the sale of the Vorotan Hydro Cascade, a series
of three hydroelectric power plants, to Contour Global was signed
in January.
A $180-million deal is the largest U.S. private investment in Armenia's
history and the first U.S. investment in Armenia's critical energy
sector.
News from Armenia - NEWS.am
From: A. Papazian
June 06, 2014 | 18:55
YEREVAN. - There will be insignificant increase in electricity price
at the Vorotan cascade in 2014, Public Services Regulatory Commission
chairman Garegin Baghramyan told Armenian News-NEWS.am.
Back in 2010 the Armenian government received from the German KfW bank
a loan of 51 million euros to renovate Vorotan cascade. In 2010-13,
the tariff for sale of electricity from Vorotan was significantly
increased, from 0.96 drams in 2010 to 6.8 - in 2013.
Baghramyan claims there is no need in further increase, and the
changes will be insignificant.
The agreement on the sale of the Vorotan Hydro Cascade, a series
of three hydroelectric power plants, to Contour Global was signed
in January.
A $180-million deal is the largest U.S. private investment in Armenia's
history and the first U.S. investment in Armenia's critical energy
sector.
News from Armenia - NEWS.am
From: A. Papazian