ArmRosGazprom pins great hopes on Hrazdan TPP 5th unitApril 20, 2010 - 15:35 AMT PanARMENIAN.Net - ArmRosGazprom CJSC Deputy Director General on Finance and Economy Vahagn Arakelyan said that the fifth unit of Hrazdan thermal power plant will serve as the company’s basic source of income next year. “The profitability will depend on Hrazdan-5, as we do not expect an increase in gas consumption, naturally and incomes will not grow either,” Mr. Arakelyan told journalists on the sidelines of a European business congress going on in Yerevan. According to him, the crisis has affected the company’s activity, like many other companies operating in this field. “Gas consumption has sharply decreased, while we have to keep expenses at the same level,” stated Mr. Arakelyan. As for investment programs, Mr. Arakelyan noted that currently the company does need to attract additional investments to complete them. The European Business Congress Committee on Legislation, Banks and Finance opened its meeting on management of energy companies’ expenditures in Yerevan on April 20. The event brought together representatives of gas, energy, financial, banking sectors, including Gazprom OJSC, Overgas, NPF Gazfond, NIIgazeconomika LLC, Zapsibgaz CJSC, BelGasprombank OJSC, NGCC, Calyon Rusbank, BNP PARIBAS, Siemens IT Solutions and Services, Deutsche Bank, Comerzbank, Ingbank, Comita, KPMG, BDO, UBS, SIGESSE s.a., PricewaterhouseCoopers. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |