Thursday, August 11 2016 17:32
Alexandr Avanesov

Electricity price subsidies for July 2016 amount to 589 million drams

Electricity price subsidies for July 2016 amount to 589 million drams

ArmInfo. In July 2016, the electric power price subsidized by the Armenian Government (249.9mln) and Tashir Charity Foundation (339.1mln AMD) totaled 589 mln AMD versus 590 mln AMD in June 2016, the press office of the Armenian Ministry of Energy and Natural Resources reports.

567.7 mln AMD was allocated for subsidizing the electric power price for the households versus 566.7mln AMD in June 2016.  Another 22mln AMD were allocated as electric power price subsidies to other consumers (23.3mln AMD in June).

To recall, by the Armenian Government's decision dated 29 Oct 2015, monthly subsidies are provided to the consumers using up to 250 kWh of electricity, as well as to SMEs consuming up to 500 kWh. The subsidization process will last till July 31, 2016.

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