K. KARAPETYAN SAYS "ARMRUSGASPROM" CONSISTENTLY CONTINUES ITS INVESTMENT POLICY

ARMENPRESS
JULY 9, 2009
YEREVAN

YEREVAN, JULY 9, ARMENPRESS: Director of the "ArmRusgasprom" company
Karen Karapetyan visited the constructional area of 5-th energy unit
of Hrazdan heat and power plant, got acquainted with the process
of works talked with the specialists, got interested in the working
conditions of the workers. He assessed the process of the works as
efficient noting that first of all it is conditioned by the presence
of a skillful team, which shows great skill in organizing the works
in a timely and proper manner.

According to him, despite the impact and consequences of the financial
crisis, "ArmRusgasprom" consistently continues its investment policy,
the main load of which falls on the project of the accomplishment
and modernization of Hrazdan Heat and Power Plant.

On the whole, 200 million USD is intended to invest in Hrasdan
5th energy unit. According to K. Karapetian after the successful
implementation of the project "ArmRusgasprom" will get the opportunity
of participating in the production of electric power, which is one
of the profile forms of the company’s activity and will extend the
export of energy.

"The implementation of the project in the conditions of the financial
crisis is profitable for the company to some extent. Taking into
consideration the tendency for the decrease of product and service
prices in the international market, the leadership of Hrazdan 5 managed
to gain some necessary equipments on comparatively low prices and have
financial savings of about 8-9% in regard of some contracts. These
sums will be directed towards the implementation of the additional
technological projects", – K. Karapetyan said.