// IP Marketing video - START// IP Marketing video - END

Karabakh to see power price hike from Aug. 11: Armenian suppliers to blame

Karabakh to see power price hike from Aug. 11: Armenian suppliers to blame

PanARMENIAN.Net - Major consumers will be affected by the electricity tariff hike to enter force August 11, while the remaining subscribers will have the price increase subsidized by the government, the Nagorno Karabakh Republic Prime Minister Ara Harutyunyan said, according to ARKA.

Starting from August 10, Artsakhenergo, the republic’s electricity-supplying company, will be selling electric power at AMD 41.85 drams per KWt-hour in the daytime and AMD 36.85 at nighttime, up from AMD 38 and 33 set in 2013.

As the official noted at a news conference, explaining reasons behind the price hike, Artsakhenergo buys electricity from various sources, including some Armenian power-generating plants at AMD 25 per KWt-hour.

According to Harutyunyan, in calculating the new price, losses amounting to AMD 5 per KWt-hour were factored in, as well as salaries of the company’s employees (AMD 8) plus AMD 3 for possible technical disorders.

As Harutyunyan noted, investors demand to set the same prices as in Armenia for construction of small hydro power plants.

Armenia’s Public Services Regulatory Commission has approved an almost 10 percent rise in electricity prices for households, allowing the Electrical Networks of Armenia to charge AMD 41.85 per kWh in the daytime (from 7:00 to 23:00), up from current AMD 38 and AMD 31.5 at nighttime (from 23:00 to 7:00), up from current AMD 28. The decision comes into force on 1 August 2014.

 Top stories
Armenia's foreign debt amounts to $4.3 billion as of March 2017, while that of the central bank totaled $517.9 million.
According to Vardanyan, IDeA and its partners and donors have since 2007 invested more than $550 million in various projects in Armenia.
As the National Statistical Service reports, imports to Armenia totaled $803.7 million, registering a 17.9% increase year-on-yea
75.8 million kWh of Armenian electricity have been shipped to the Georgian market in the first quarter of 2017.
Partner news