Karen Karapetyan: ArmRosgazprom carries on investment policyJuly 9, 2009 - 14:32 AMT PanARMENIAN.Net - ArmRosgazprom carries on its investment policy despite the financial crisis. "The main task is construction of 5th generating unit and modernization of the Hrazdan thermal power plant. In total, a sum equivalent to $200 million will be invested," said Karen Karapetyan, director general of ArmRosgazprom. "With successful implementation of the project, the company will increase energy export volumes," he said, adding that due to fall in prices at the international market Hrazdan-5 administration's expenditures reduced by 8-9%. 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 | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. Mkhitaryan raises arrest of former Karabakh leaders in Azerbaijan Inter Milan star Henrikh Mkhitaryan has shared a news story about the extension of the arrest of former Karabakh leaders. |