Investment programme of ‘ArmRusgazprom’ CJSC for 2008-2010 valued at
$147,1 mln approved
2008-03-07 12:56:00
ArmInfo. Today, the Public Services Regulatory Commission of Armenia
approved the investment programme of "ArmRusgazprom" CJSC for 2008-
2010 valued at 45 188.5 mln AMD ($147,1 mln at the current rate).
Head of the Investment Development Department of "ArmRusgazprom" CJSC
Ashot Hakopyan, having represented the programme in the Commission,
said that the Company schedules to solve two primary tasks:
construction completion and launch of Kajaran-Ararat gas pipeline
section, as well as installation of gas annunciators in multistorey
houses. Solution of the first task will allow to assure alternative
sources of gas supplies and enhance the country’s energy security,
while solution of the second task will enhance the house gas supply
safety level and minimize accidents. He said that the investments are
divided into two main groups. It is scheduled to invest 25,2 bln AMD in
extension of the gas-transport system and 19,9 bln AMD – in a gas
distributing network. In a gas-transport system, the greater
investments (19,3 bln) fall on construction of Kajaran-Ararat gas
pipeline section. It is envisaged to invest 2,6 bln AMD in upgrading
and extension of Abovyan underground gas storage. It is also scheduled
to carry out construction and replacement of gas pipelines, upgrade the
gas distributing stations and perform other work. In the gas
distribution network, 52% will be invested in acquisition and
implementation of new equipment and technologies, and the rest
investments – in recovery and repair of the network and performance of
other work, A. Hakopyan said.
Chairman of RA Public Services Regulatory Commission Robert Nazaryan
said that the investments have been included in the tariff constituent
and will lead to the tariff increase by 3 drams on average, that is not
so much for such great investments. He also said that the tasks related
to the energy reliability and security assurance are strategic for the
country.
To recall, "ArmRusgazprom" CJSC was created in December, 1997 and is an
exclusive importer of natural gas to Armenia.