// 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
Mount Maymekh will become a skiing zone under a new project which will attract about $30 million in investments and create some 1600 jobs.
Armenia would become a rock-bottom option in the Eastern European region, maybe in the world, for citizenship through investment.
Cryptocurrency fever seems to have spread to the former Soviet republics with Armenia, the land of Mount Ararat, being one of them.
Armenia’s exports grew 25% in 2017 against 2016 to amount $2,242 billion overall, the National Statistical Service reveals.
Partner news