Price Of Electricity Decided

PRICE OF ELECTRICITY DECIDED

Lragir/am
21 March 06

Now we can be sure to state that the citizen of the Republic of Armenia
will have to pay more not only for gas but also for electricity. The
Thermal Power Plant of Hrazdan and the Thermal Power Station of Yerevan
operate on gas have already submitted a bid with the Commission
of Public Utilities to increase by 90 per cent the tariff of the
electricity they produce. On March 21 Nikolay Grigoryan, Deputy
Chairman of the Commission, announced that the price of electricity
will increase by 3 drams. Though producers on gas have bid a higher
price, the impact will not be visible, since the energy these thermal
plants generate comprises 25 per cent of energy in Armenia, which is
mainly required in winter months.