ELECTRICITY COST UNCHANGED

Panorama.am
14:24 12/02/2008

"Armenian Electricity" company invests 75 million dollars in
2007-2009. 30 million dollars were already spent in 2007. Although
the investment amount is so high, the electricity cost will not be
increased in the nearest future. The information is provided by
"Nezavisimaya Gazeta" attributing to the director of the company
Evgeni Gladunchik.

According to Gladunchik, the most threatening factor in Armenian
energetic is the depreciation of the dollar. The structure of
electricity consuming should be notified. The major consumers
of electricity in Armenia are the enterprises Nairit, Armenal,
Vanadzor chemical. And Zangezur molybdenum remains the leader among
the consumers.