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Electricity Debts Till 2002 to Be Paid from Copper Plant Sale

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  • Electricity Debts Till 2002 to Be Paid from Copper Plant Sale

    POPULATION'S DEBTS ON ELECTRICITY ACCUMULATED TILL 2002 TO BE PAID OFF
    AT THE EXPENSE OF PROFIT FROM SALE OF ZANGEZUR COPPER-MOLYBDENUM GROUP
    OF ENTERPRISES

    YEREVAN, December 30 (Noyan Tapan). According to the RA government's
    press service, the Kajaran Council of Elders made a decision: to
    transfer 27 mln dollars for the complete payment of the population's
    debts on electricity accumulated as of 1 October 2002 from the funds
    transferred to the communal budget of Kajaran as a result of the sale
    of the "Zangezur Copper-Molybdenum Group of Enterprises" CJSC, which
    is situated within the administrative bounds of the town. According to
    the same source, the decision was made taking into account the
    proposals of the RA President and the RA Prime Minister on the payment
    of the debts of the population at the expense of these funds. By the
    government's decision N 1318-A of 28 August 2002, these debts passed
    to the "Armgasprom" CJSC after the privatization of the "Electricity
    Networks of Armenia" CJSC. On December 28, RA Minister of Energy Armen
    Movsisian was instructed to stop the collection of the population's
    debts accumulated till 1 October 2002 and to submit the mechanism of
    payment of these debts and the list of debtors within 20 days.
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