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Government To Ensure Financial Stability In The Energy Sphere

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  • 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.
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