YEREVAN WATER COMPANY MAY REDUCE WATER PRICE

Armenpress
Dec 14 2006

YEREVAN, DECEMBER 14, ARMENPRESS: French executives of the Yerevan
Water company said today they were likely to ask every June 1 the
Public Services Regulatory Commission to review the price of drinking
water they charge from households in the Armenian capital city.

Serge Popoff, the chief executive manger of the company, run by
the French General Des Aux, explained it by the continued growth of
Armenia’s national currency-dram-over the U.S. Dollar. He said the
company is paying less now to buy new equipment and therefore it may
reduce the tariffs.

Popoff also said the company has committed to secure 24-hour water
supply to 80 percent of homes in the capital city and will install
extra 65 water pressure meters which will allow to register water
pressure every 30 minute and have a clear picture of water consumption.