ARMENIA TO SELL 5TH POWER UNIT OF HRAZDAN TTP TO ARMROSGASPROM
ARKA News Agency, Armenia
April 6 2006
Yerevan, April 6. /ARKA/. The RA Government will sell the 5th power
unit of the Hrazdan TPP and the first section of the Iran-Armenia
gas main to ArmRosgasprom. A relevant agreement has been signed
between the RA Government and the Russian “Gasprom” holding company
for 25 years. The agreement stipulates the principles of strategic
cooperation in implementing gas projects in Armenia.
The agreement sets the price for Russian natural gas in Armenia,
$110 for 1,000 cubic meters until January 1, 2009.
The agreement stipulates the purchase of the 5th power unit of
the Hrazdan TPP and a 40-km-long section of the Iran-Armenia gas
main from the RA Government by the Armenian-Russian “ArmRosgasprom”
company. Under the agreement, the RA Government is to grant the right
to the construction of the 2nd section of the Iran-Armenia gas main
(197 kilometers) to the “ArmRosgasprom” CJSC.
Preliminary purchase-and-sale agreements are to be signed before
April 14, 2006. Before January 1, 2007, the facilities in question
are to be completely transferred to ArmRosgasprom.
To ensure efficient energy generation by means of gas, the sides will
combine their efforts in renovating the technologically integrated
property complex Hrazdan 5 with one control center, as well as in
contructing a gas-turbine unit with a capacity of up to 140 megawatts.
Further operation of the energy facilities will allow the fuel costs
to be reduced. The agreement also stipulates the export of electric
energy generated by Hrazdan 5.
The “Gasprom” OJSC’s share in the authorized capital of the
“Armrosgasprom” CJSC will constitute qualified majority.
The Armenian-Russian “ArmRosgasprom” holds a monopoly of the supply
and distribution of Russian gas in Armenia. The RA Government and the
“Gasprom” OJSC hold 45% of the company’s shares each, the rest 10%
being held by the “Itera” oil and gas company.
The construction of the 120-km-long Iran-Armenia gas main is estimated
at US $120mln. The construction of the first section, Meghri-Kajaran,
got under way on November 30, 2004. The second section runs from
Kajaran to Ararat through Sisian and Jermuk. The gas main is expected
to be put into operation in 2007.
From: Emil Lazarian | Ararat NewsPress
