KAREN KARAPETYAN: ARMROSGAZPROM CARRIES ON INVESTMENT POLICY

/PanARMENIAN.Net/
09.07.2009 13:32 GMT+04:00

/PanARMENIAN.Net/ ArmRosgazprom carries on its investment policy
despite the financial crisis.

"The main task is construction of 5th generating unit and modernization
of the Hrazdan thermal power plant. In total, a sum equivalent to $200
million will be invested," said Karen Karapetyan, director general
of ArmRosgazprom.

"With successful implementation of the project, the company will
increase energy export volumes," he said, adding that due to fall
in prices at the international market Hrazdan-5 administration’s
expenditures reduced by 8-9%.

From: Emil Lazarian | Ararat NewsPress