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Energy Minister: electricity hike unpleasant, but well-founded

Energy Minister: electricity hike unpleasant, but well-founded

PanARMENIAN.Net - The increase in electricity tariffs is inevitable, with Armenia’s energy security and sustainable work of its energy system wholly dependent on the move, the Minister of Energy and Natural Resources said, according to Panorama.am.

“The price increase is quite unpleasant, but there are issues that need to be solved,” Yervand Zakharyan remarked, commenting on the decision of the Public Services Regulatory Commission (PSRC) to increase electricity tariffs in Armenia.

In conclusion,he noted the PSRC calculations, based on the documents presented by energy companies, to be well-grounded.

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