WILL ELECTRICITY BECOME CHEAPER?

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[07:06 pm] 22 December, 2006

Minister of Energy Armen Movsisyan rendered a concluding press
conference today. He spoke about the achievements in the field.

According to the Minister, since January of the coming year, the
Iranian gas will be imported to Armenia. The 11th substation has been
reconstructed, the Metsamor nuclear power station has been re-equipped,
and an international conference has been organized discussing the
construction of a new nuclear power station.

Next year the construction of the fifth energy bloc of the Hrazdan
hydro electric power station will be concluded. These plans are
rather costly; nevertheless, they will reduce the expenses on produced
energy. Particularly, the gas expense in the Yerevan hydro electric
power station will be reduced 2.5 times.

Factually, the expenses will be reduced and the quantity of the energy
will increase. We tried to find out if this is enough to reduce the
energy tariffs. "That is not excluded", the Minister said.