Energy Minister: electricity hike unpleasant, but well-founded July 2, 2014 - 15:57 AMT 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. 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 | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |