SEVAN-RAZDAN CASCADE PRODUCES 531.3 MLN KW/H IN 2004

YEREVAN, JANUARY 20. ARMINFO. In 2004 Sevan-Razdan Cascade produced
531.3 mln kw/h of electricity against 503 mln in 2003, says Mels
Hakopyan, deputy director general of the cascade operator – the
International Power Corporation.

The increase was due to improved working conditions and reduced water
loses. The planned index was 405 mln kw/h of electricity. Hakopyan
says that the liquidated ArmEnergo’s $9 mln debt to the cascade will
be repaid shortly. The German Government will shortly consider the
results of KPMG Armenia’s audit of the cascade and will allocate 15
mln EUR for modernizing the cascade’s unit – Yerevan Water Power Plant
1.

Now the corporation continues supplying 2-2.5 mln KW/h a day to
Georgia.

To remind, Sevan-Razdan Cascade is owned by RAO YeES Rossii and is
operated by its daughter company International Power Corporation. The
cascade consists of 6 WPPs whose total capacity is 556 MW – 18% of
Armenia’s total power generating capacity.