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Solar Power Not Too Dear For Far-Sighted Investors - Opinion

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  • Solar Power Not Too Dear For Far-Sighted Investors - Opinion

    SOLAR POWER NOT TOO DEAR FOR FAR-SIGHTED INVESTORS - OPINION

    10:19 * 02.07.14

    Investments in solar energy projects are not absolutely too dear
    against the backdrop of the surge in natural gas and electricity
    prices, says the chief of an Armenian company engaged in the production
    of alternative power.

    Artin Melikyan, who heads the closed joint-stock company Solar,
    says he believes investments in alternative energy production will
    fully meet all expectations in about six or seven years' time. "What
    now seems dear is very relative, so I don't think it is an expensive
    pleasure for a far-sighted client. Expensiveness is very relative
    given the surge in the natural gas and electric power [prices], and
    all the risks stemming from our status as an energy importer. And the
    considerable increase in orders by both individuals and businessmen
    testify to what I say," he noted.

    Melikyan said he doesn't expect any state support to such an
    initiative. "I don't think there will be any state assistance, because
    don't believe the government bodies in Armenia will have that will,
    being under the pressures of the gas-supplier and manufacturer. I
    think it is an open secret to all that they import gas from Russia
    and distribute electric power through networks," he said, stressing
    the importance of investments that would help lower the costs of
    alternative energy supplies.

    Melikyan even brought the example of Iran which abolished the import
    taxes for alternative energy supplies. "The solar batteries, which
    Armenia imported at a zero tax rate until three years ago had later
    to be imported with a 20 percent of value added tax as a result of
    energy reforms adopted. So the price increased by 20 percent. The
    only thing the state can do is to lower the import taxes. Secondly,
    it can grant income tax privileges to such companies. That's to say,
    it can lower or abolish the taxes," he noted.

    Armenian News - Tert.am




    From: A. Papazian
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