TARIFF FOR POTABLE WATER IN YEREVAN TO GROW BY ALMOST 5%

ArmInfo
2009-06-08 15:12:00

ArmInfo. Tariff for potable water in Yerevan from July 8, 2009 will
grow by 4,7% to 181 drams per 1 cub m, VAT inclusive, against the
previous 172,8 drams. Such a decision was made at Monday session of
the Public Services Regulatory Committee of Armenia, the Commission
told ArmInfo.

According to the source data, the Commission has partially met
the application of the Company which offered to increase the water
tariff to 190 drams. The necessity of tariff raise was conditioned by
reduction of the volumes of water use, growth of prices for electric
power, inflation and change of the exchange rate. The Concession
Agreement on Yerevan water industry was signed between the water
supply operator represented by Ceneral des Eaux French Company,
which manages "Yerevan Jur" CJSC, and the government of Armenia at
late 2005. Under the agreement, the tariff should gradually reduce
during 10 years to 90 drams per 1 cub m in 2015. To note, rise in the
water prices happened 9 days later upon completion of the election
of the Council of Elders of Yerevan.