KOCHARIAN AND ENERGY MINISTER DISCUSS AFTEREFFECTS OF GAS PRICE HIKE AND RENEWABLE ENERGY

Armenpress
Mar 29 2006

YEREVAN, MARCH 29, ARMENPRESS: President Robert Kocharian and energy
minister Armen Movsisian discussed today a wide scope of issues
pertaining to ongoing construction of Iran-Armenia gas pipeline and
mechanisms that can mitigate the aftereffects of imminent gas price
hike to become effective from April 1.

Kocharian’s press office said it was decided to continue talks with
the Russian side and present a follow-up package of proposals to the
public after reconciling them with the president of the country.

Movsisian was quoted as saying that the construction of Iran-Armenia
gas pipeline will be over in autumn.

Also a set of issues on renewable energy, particularly, on construction
of small hydro power plants, was discussed. The minister briefed the
president on the pace of construction of 38 such stations. He said
with the current rate of construction of small power plants they will
be able to produce 500 million k/hours of electricity that makes 10
percent of the domestic demand.