12:21, 28 November 2023

YEREVAN, NOVEMBER 28, ARMENPRESS. Armenia has been creating a convenient environment for investments in the energy sector, which has led to an increasing level of energy security and independence of the country, Vice Speaker of Parliament Hakob Arshakyan said at the Armenia Energy Week 2023.

"The economically substantiated, productive and responsible use of the renewable energy potential, development of atomic energy for peaceful means, regional integration of electrical energy system, diversification of energy carrier supply routes and types, introduction of energy efficiency and energy saving actions and digital energy transformation are the sustainable guarantees for the development of the electrical energy sector of Armenia. All steps are aimed at this,” Arshakyan said, adding that sustainable energy is an essential condition for economic development.

“We can underscore that a convenient environment is being created for investments in the energy sector, and as a result the level of the country’s energy security and energy independence is growing further,” Arshakyan said.

President Vahagn Khachaturyan also attended the event.

In his speech, the president attached importance to the elimination of monopolies in all branches of market economy. He said that steps have already been taken in the energy sector.