PRICES FOR ELECTRIC POWER FOR END USERS NOT TO RISE IN ARMENIA IN NEAR FUTURE

Arka News Agency, Armenia
Dec 4 2006

YEREVAN, December 4. /ARKA/. Prices for electric power for end
users will not change in Armenia in the near future, Chairman of the
Commission for Regulation of Public Services (CRPS) Robert Kocharyan
told reporters Wednesday.

He pointed out that seven large companies work on the electric power
market of Armenia today. Their prices will be subject to certain
changes due to the AMD-USD exchange rate fluctuations.

At the same time, Nazaryan said that the price for electric power
for end users will not change (AMD 25 during the daylight and AMD 15
at nighttime).

The CRPS examined the prices for services in the sector of electric
power at the sitting on December 1, 2006. According to the CRPS’s
draft decision, it is planned to raise the price for the output power
and the monthly rate for generating capacity for a number of Armenian
power plants.