Armenia’s Subsidizing A Russian Company

ARMENIA’S SUBSIDIZING A RUSSIAN COMPANY

Lragir.am
13 april 06

Member of Parliament Manuk Gasparyan stated April 13 at the Pastark
Club that the words of the minister of defense do not correspond to
the reality. Serge Sargsyan had announced that the fifth generating
unit of the Thermal Power Plant of Hrazdan, sold to Russia, is like
a three-storey building, only the basement of which had been built.

Manuk Gasparyan announces that Armenia has already spent 217 million
dollars on the generating unit. “RAO EES is now using the cooling
system of the fifth generating unit for the other 4 generating units
that belong to RAO EES. Or the defense minister does not know, but
he must know because as he said nothing good happens without him,
in brackets, of course,” says the member of parliament.

He draws attention to another problem, again related to the Thermal
Power Plant of Hrazdan. Manuk Gasparyan says 20 per cent of the
demand of gas is consumed by the population, the other 80 per cent
is consumed by industry.

“The Thermal Power Plant of Hrazdan, which is owned by Russia,
consumes 50 per cent out of this 80 per cent. What do we have now? By
subsidizing the industry Armenia, in fact, subsidizes the Russian
company,” says Manuk Gasparyan. In other words, Russia increases the
price of gas, says the member of parliament, and the government of
Armenia has to subsidize a Russian company.