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Will The Money Be Enough For Subsidizing?

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  • Will The Money Be Enough For Subsidizing?

    WILL THE MONEY BE ENOUGH FOR SUBSIDIZING?

    Lragir, Armenia
    Nov 1 2006

    ARG is likely to bid for increasing the tariff of natural gas. The
    chief executive officer of the company Karen Karapetyan stated October
    31 that he is not satisfied with the present tariff. But Karapetyan
    reassured that the tariff for industries will increase.

    Karen Karapetyan declined to say how much they are likely to increase
    the tariff saying that they will tell when they offer the bid to the
    Public Services Regulatory Commission.

    The news reporters asked why, in that case, the Armenian government
    assured that the tariff of gas would not grow for at least three
    years. Karen Karapetyan said these statements were on the price of
    gas on the border, in other words, the 110 dollars. It means that the
    industries of Armenia will have to pay more. It is possible that the
    government will lend a hand, which relieved the consequences of the
    increase in the price of gas by using the money from the sale of the
    fifth generating unit to subsidize gas. But it is foreseen for three
    years, whereas when ARG increases the price of gas in the country,
    it is natural that the estimations for subsidy are disrupted, and the
    money may not be enough. Therefore, first the government had better
    inform the enterprises whether it has more property to sell or they
    have to think for themselves.

    From: Emil Lazarian | Ararat NewsPress
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