5th Block of Hrazdan Heat Power Plant Sold to Gazprom for $248.8 MillionApril 7, 2006 - 17:22 AMT PanARMENIAN.Net - By the RA government decision of April 6, the 5th block of the Hrazdan Heat Power Plant was sold to Gazprom for $248.8 million, Armenian Energy Minister Armen Movsisyan told journalists. Movsisyan said $188 million will be subsidized to the consumers during the period of April 10 - December 31, 2008, the rest of the sum will be transferred to the budget. The tariff of 90 000 AMD for 1 thousand cubic meters of gas set for natural persons will be subsidized by the state at the rate of 25 000 AMD while the tariff of $146.51 set for major consumers will be subsidized at the rate of $52.01. The funds will be transferred to the off-budget account. During next two years the Russian party should invest some $150-160 million in the 5th block of the Hrazdan Heat Power Plant and complete the block. The agreement also notes that till 2009 Gazprom will not change the price for gas. 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 | Viva sees growing demand for cloud services In recent years, medical institutions are starting to make use of Viva’s cloud services Turkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks. Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin. Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |