“ARMROSGASPROM” INVESTS 13 MLN DOLLARS TO SPHERE OF GAS-SUPPLY THIS
YEAR
YEREVAN, July 26 (Noyan Tapan). This year the “Armrosgasprom” company
will invest 6.76 bln drams (about 13 mln dollars) to the sphere of
gas-supply of Armenia. Abgar Budaghian, senior specialist of the
Commission on Public Services Regulation, said about it during the
July 23 sitting. It should be mentioned that “Armrosgasprom” submitted
the 2004 investment program to the commission for discussion. According
to it, 372.8 mln drams will be invested with the purpose of study,
restoration, reconstruction and re-equipment of the gas-supply system,
178.5 mln drams will be invested with the purpose of the decrease of
losses in the gas-supply system, and 23.3 mln drams – with the purpose
of the purchase of machines and mechanisms in the system of gas
transportation. The decrease of losses in the gas-distribution system
made 350 mln drams as a result of investments. 530-kilometer new gas
pipeline will be constructed, and 160,000 people will receive an
opportunity to join the network of gas-distribution, including 98,000
people will become real subscribers. It should be mentioned that
according to the data of 2003, there were 54,000 subscribers in the
republic. The same day, the commission approved the investment program
of “Armrosgasprom”.