ARMINFO News Agency, Armenia
 Thursday



"Stabilization Fund" will allow current tariffs for electricity in
Armenia until 2036

Yerevan August 10

Naira Badalyan. Armenia strives to maintain the current tariffs for
electricity until 2036. "The Armenian government at this stage is
discussing the prospect of creating a "stabilization fund", which will
neutralize the impact of external risks on the tariff policy of the
energy sector," Minister of Energy Infrastructures and Natural
Resources of Armenia Ashot Manukyan stated at the Governmental meeting
on August 10.

According to the minister, this is a very ambitious project and is
included in the development program for the development of Armenia's
energy sector until 2036. However, in all likelihood, it will be
approved in the form of a separate normative act. "We are trying to
find a way to implement this project, which will allow us to implement
this project in the next 15 years.

According to him, the long-term concept for the development of the
energy sector to the government will be presented until September this
year. "We must take into account our hydropower potential, the
potential of the Meghri hydropower plant, the solar and wind energy in
the country, and understand what steps we need to take to ensure
energy security," Prime Minister Karen Karapetyan said.