ARMROSGAZPROM INVESTMENTS IN ARMENIA FOR 2010-2012 TO COMPRISE AMD 31,81 BILLION
PanARMENIAN.Net
21.01.2010 16:48 GMT+04:00
/PanARMENIAN.Net/ ArmRosGazprom CJSC presented company’s investment
program for 2010-2012 to Public Service Regulation Committee.
According to program presented, total expenditures over the years
2010-2012 will comprise AMD 31,81 billion, with AMD 7,65 billion
allocated to transportation system and AMD 24,16 billion to gas
distribution system.
Program discussion is currently in progress, ArmRosGazprom press
service reported.
Founded in 1997, ArmRosGazprom, a subsidiary of Gazprom, supplies
gas for the domestic market in Armenia. The company also transports,
stores, processes, distributes, and sells natural gas; and generates
electricity, as well as engages in the reconstruction and expansion
of the gas transportation system and underground storage facilities
system in Armenia. In addition, it manages gas deliveries from the
Russian Federation to Armenia, as well as exports to Turkey.
Currently, the company’s authorized capital totals AMD 316.6 billion.