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Kocharyan: Gas price for Armenians up no more than 10-15%

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  • Kocharyan: Gas price for Armenians up no more than 10-15%

    ARKA News Agency, Armenia
    April 7 2006

    KOCHARYAN: GAS PRICE FOR ARMENIANS UP NO MORE THAN BY 10-15%

    YEREVAN, April 7. /ARKA/. Gas price for the population of Armenia
    will rise no more than by 10-15%, as the RA President Robert
    Kocharyan stated during the interview to the RA Public TV-Channel."We
    must understand that no where gas costs $54 for 1thsd cubic meters
    any more and the Commission for Regulation of Public Services had to
    approve new prices", Kocharyan emphasized.
    In his words, nevertheless the RA Government did its best to
    extenuate negative consequences of rise of gas price for the
    population.
    "I think that we have found the solution and during several days the
    Government will make a decision", Kocharyan stated.
    He also emphasized that together with the Russian side the RA
    Government will accomplish the investment program on the 5th block of
    the Hrazdan heat power plant (HPP), as a result of which we will get
    additional funds for compensating expenses of the population during
    coming 3 years.
    "Meantime construction of the 5th block of the Hrazdan HPP will be
    finished, at the expense of which we will get higher efficiency
    factor. It means that the same volume of electricity will be produced
    from the lesser volume of gas", Kocharyan emphasized.
    In his words it will enable to pursue tenderer price policy toward
    the population of the republic.
    >From April 1, 2006, Armenia pays Russia $110 for 1thsd cubic meters
    of gas, against past $56.
    According to the decree of the RA Commission for Regulation of Public
    Services, since April 10, 2006, the monthly fee for gas has been
    increased from AMD 59 thsd to AMD 90 thsd for the population
    (including VAT), and for subscribers, using more than 10 thsd cubic
    meters per month - from $79,1 to $146,51 in AMD equivalent. S.P.
    --0--
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