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Six American States Adopting a Joint Resolution on Armenian Genocide Centennial

Political Analyst: Process of International Recognition of Armenian Genocide to be Expanded

Cem Terzi: Turkish Society Ripening for the Recognition of Armenian Genocide

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Mayor of New York commemorates centennial of Armenian Genocide - "one the worst atrocities of the 20th century"

European Movement adopts a resolution on Armenian Genocide

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Ankara strongly criticizes Francois Hollande's visit to Yerevan

Central Council of Jews in Germany advocates calling events of 1915 genocide

Ankara's Second Response to Putin's Statement on the Recognition of the Armenian Genocide

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Knesset Member Criticizing Israeli Government for Denying Armenian Genocide

Georgian Armenians Demonstrating in Front of Turkish Embassy in Tbilisi

Canadian Prime Minister Calling upon Yerevan and Ankara to Resume Negotiations on Normalization of Relations

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Turkey's Labor Party (EMEK) and some local human rights organizations condemn Genocide of Armenians

Russian expert: Putin's participation in Armenian Genocide Centennial events not to edit Moscow's geopolitical maneuvering

Vladimir Putin: 1.5 mln Armenians were killed, 600 thsd were deported, unique historical monuments and invaluable books and manuscripts were destroyed in 1915

Serzh Sargsyan: "We are ready to embark upon a constructive dialogue with Turkey in case it faces its own history"

Francois Hollande: World community must remember Genocide to prevent it in future

Serbia President: "We have no moral right to forget the Armenian Genocide victims and the shocking facts of the past"

ANCA: Sad spectacle of President Obama playing word games with genocide falls beneath dignity of American people

Foreign Minister of Armenia: German President's statement important contribution to prevention of new genocides

Serzh Sargsyan: Armenia has never declared any territorial claims either to Turkey, or to any other country

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Oppositionist: In case of further dedicated work of Parliament's ad-hoc "committee on gas," gas tariff should be reduced in Armenia already in autumn

  • by Nana Martirosyan

  • Tuesday, June 24, 17:19

 In case of further dedicated work of the Parliament's ad- hoc "committee on gas," the gas tariff should be reduced in Armenia already in autumn. Aram Manukyan, Secretary of the Armenian National Congress Faction, a member of the ad-hoc committee, told reporters, Tuesday. 

He said the committee is unveiling more and more facts of the groundless rise of the gas tariff, which demonstrates the impartiality of the committee members. "The committee has collected rather big number of facts that may become a reason for reducing the tariff already this autumn," he said.  In this light, Manukyan said he will continue fighting against the energy blockade Armenia have faced due to the incompetent policy of the authorities. He spotlighted the latest deal on privatization of the Vorotan Cascade of HPPs. According to him, the deal is unlawful. And even if the authorities manage to register all the documents in the way no to arouse any concerns, the low sales price is a reason for concern. "It is necessary to take into account that selling the Vorotan Casacade of HPPs with water reservoirs, they sell 50% of the country's water reserves, which is beyond logic," he said. 
Head of the Public Services Regulatory Commission Robert Nazaryan said the license of the Vorotan Cascade of HPPs will be extended. He said that sales deal is not competed and with the issue of the license that process will be significantly speeded up. 

On 29 January 2014  ContourGlobal and the Government of Armenia announced that they have signed an agreement for ContourGlobal to purchase and modernize the Vorotan Hydro Cascade, a series of three hydroelectric power plants totaling 405 MW on the Vorotan River in southern Armenia, for a purchase price of $180 million USD.

To issue the license (and recognize CountourGlobal as the owner) a closure act is required. However, a provision in the sales contact claims that each of the parties has a right to terminate the deal if it is not completed within 75 calendar days.  However, the Head of the Government Staff - Minister David Haroutiunyan said the parties have extended the deadline for completing the deal to meet the interests of the investor. 
Earlier, Deputy Minister of Energy and Natural Resources Areg Galstyan told reporters that the Government revises some provisions of the contract on sale of Vorotan Cascade of HPPs, but the deal will not be canceled.  He said that there are some technical issues that are being verifies by the parties.  However, he could not say if the American party has already provided the funds under the contract.

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