GEORGIA PROPOSES ARMRUSGASPROM CONTINUE SUPPLYING ELECTRICITY

YEREVAN, MARCH 24, NOYAN TAPAN. The United Georgian Energy Distribution
Company made ArmRusgasprom an offer to continue supplying electricity
from Armenia. According to the ArmRusgasprom press service, in all
likelyhood, the Armenian side will accept the offer and extend the
term of the contract. To recap, the contract on electricity supply
between ArmRusgasprom and the Georgian company expires on March
31. ArmRusgasprom has been supplying electricity to Georgia from
October 16, 2004.