On May 21, the Public Services Regulatory Commission (PSRC) of Armenia approved an investment program of ArmRosGazprom CJSC for 2010-2012, the company’s press service reported.
Head of the Department of Investment Programs of ArmRosGazprom Ashot Hakobyan noted that the investment program is prepared with consideration of the current post-crisis situation and new tariffs for natural gas approved by the PSRC.
“The program basically aims to secure uninterrupted gas supply in Armenia and improve security. The program also features principal trends of gas-transport and gas-distributing systems’ development, as well as forecasts amounts of required investments and expected results,” the company said.
The total amount of the investment program for 2010-2012 will reach AMD 24.2 bln (without VAT), out of which 9.5bln will be invested in 2010.
According to PSRC representative Abgar Budaghyan, the gas tariffs will increase no more than AMD 1 / 1 cub. m of gas (including VAT) as a result of investments in 2010.
