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Regional

Economist: The funds gained from growth of margin will be directed at supporting of Armenian Electrical Networks for further sale of the company

  • by Alexandr Avanesov

  • Thursday, June 5, 17:36

 The owner of the CJSC "Electrical Networks of Armenia", "Inter RAO" company is hard  up not only in Armenia but also in Russia, Armenian economist, Ashot Egiazaryan, said at today's press-conference when commenting on intention of the Public Services Regulatory Commission to increase  electric power tariff by 3,8 - 4,3 AMD/1kWt/h. 

He said that the problem arose because of possible sanctions of the West against Russia, which will make it difficult to attract financial resources from abroad. So, one should not wait for serious investments from the Inter RAO into its Armenian subsidiary. Against such a background, the problem may be settled only by increasing of the margin, the expert said and added that the funds gained from growth of margin will be directed at supporting of Armenian Electrical Networks and ensuring its earning power for further sale of the company.

To recall, yesterday the Public Services Regulatory Commission of Armenia has started considering power companies' requests for raising the electricity tariff.  The press service of the Commission reports that for two months the Commission has studied the situation on the market and has found out that there have been serious changes in the costs of local power companies. In order to ensure stable electric power supplies, they need additional 20bln AMD. So, the tariff may be raised by 3.8-4.3 AMD (VAT inclusive).

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