HRAZDAN TPP PROPOSES TWOFOLD INCREASE IN TARIFF OF GENERATED ELECTRICITY

Noyan Tapan
Mar 21 2006

YEREVAN, MARCH 21, NOYAN TAPAN. The Hrazdan Thermal Power Plant
(TPP) recently submitted a bid for a twofold increase in the tariff
of generated electricity to the RA Public Services Regulatory
Commission. According to the bid, the current tariff of 11.36
drams (0.025 USD) for 1 kwh of electricity should be risen to 21.36
drams. The ground for such an increase is the rise of the gas price. To
recap, the Hrazdan TPP generates electricity by using gas. The
commission may consider the bid within 90 days, however, according
to NT’s information, the bid will be examined within the next few days.