GOVERNMENT TO ENSURE FINANCIAL STABILITY IN ENERGY SPHERE Published on 21 August, 2009
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 said.
Source: www.armenpress.am
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