RAO EES and Gasprom Intend to Launch Jointly Hrazdan 5th Power Unit

RAO EES AND GASPROM INTEND TO LAUNCH JOINTLY 5TH POWER UNIT OF HRAZDAN
THERMAL POWER STATION

YEREVAN, JULY 22, NOYAN TAPAN. The Russian companies RAO EES and
Gasprom have set up a consortium with the aim of launching the 5th
power-generating unit of the Hrazdan thermal power station and
submitted the respective program to the Armenian government on March
15. Deputy Director of Interenergo Mikhail Mantrov stated at the July
22 press conference that the program is now under consideraion of the
RA Ministry of Energy. “We are somewhat concerned because time goes by
and no answer has been received yet,” he noted. According to M.
Mantrov, in Armenia, RAO EES has the right of property only with
respect to the Sevan-Hrazdan Cascade. The power generated by this
station makes up 10% of Armenia’s power capacities, and not 80%, as
some Armenian mass media reported. The Armenian nuclear power plant
belongs to Armenia – it is just managed by RAO EES. According to
M. Mantrov, in 2004, the plant’s profit made 18 mln USD.