After a working meeting at ArmRosGazprom Armenian President Robert Kocharian stated, «along with Russia Armenia is going to implement a large investment program to modernize the 5th energy block of the Hrazdan thermal plant.» «Within past 2-3 months we actively worked with Russia to find solutions to mitigate increase of gas prices,» the Armenian leader said. Beginning on April 1 ArmRosGazprom buys Russian gas as $110 for 1 thousand cubic meters instead of the previous $54.
«I think we found a decision, the Government is charged to formulate the final decision in the coming few days. Along with Russia Armenia is going to implement a large investment program to modernize the 5th energy block of the Hrazdan thermal plant. Thus the Armenian Government will acquire funds to compensate for the rise in the gas price in the coming three years both for the population and business. By implementing the program we will get electric power, using less gas,» the Armenian President said. «The population need not worry, the increase of the gas price for consumers will not exceed 10-15%,» Kocharian said.
The Armenian President indicated the importance of modernization of Abovyan underground gas-holder. «If we increase the capacity of the gas-holder 2-3 times, we will be protected against any surprises,» Robert Kocharian remarked, Mediamax reports.
