Government To Ensure Financial Stability In The Energy Sphere

GOVERNMENT TO ENSURE FINANCIAL STABILITY IN ENERGY SPHERE

ARMENPRESS
Aug 20, 2009

YEREVAN, AUGUST 20, ARMENPRESS: Armenian Prime Minister Tigran Sargsyan
suggested today at the session of the government that a protocol
statement be adopted to ensure financial stability in the energy sphere
"not letting increase of electricity tariffs for consumers".

"It is necessary to close the financial gap on the account of state
enterprises functioning in the sphere, particularly – Vorotan Hydro
Power Plant, Yerevan Thermo Power Plant," Tigran Sargsyan said. He
tasked Energy and Natural Resources Minister Armen Movsisyan and
Chairman of the Public Service Regulatory Commission Robert Nazaryan
to work in the mentioned direction for ensuring financial stability
of the system.

At the session the government also decided to make changes in the
time of construction of Meghri Hydro Power Plant agreed with the
inner political situation in Iran. "The suggested change is a direct
necessity as the government in Iran has not been formed yet and
there is no opportunity to work with them fully," Energy and Natural
Resources Minister.