Thursday, January 12 2017 14:28
Naira Badalian

Armenia seeks to generate cheap electricity and sell it profitably 

Armenia seeks to generate cheap electricity and sell it profitably 

ArmInfo. The Armenian Government seeks to generate cheap electricity and sell it profitably. At the Government's sitting on Jan 12, Armenian Prime Minister Karen Karapetyan assigned the minister of energy infrastructures and natural resources, and the minister of economic development and investments to prepare their proposals together with the Public Services Regulatory Commission and to submit them to the Government within the next 3 months.

The proposals are to cover changes in the power engineering development strategy till 2036, which should be aimed at generating electricity at low prices. In this context, Karapetyan stressed the importance of intensifying the talks with the countries of the region, as well as using the domestic potential in the best possible way in order to expand the regional electric power cooperation.

"Given the economy development trends of Armenia and growth in fuel prices on the global market, construction of new power transmission lines in Iran and Georgia, as well as development of renewable energy in the country and the need to enhance the electric power safety, we should work out a clear program on electricity export," Karapetyan said.

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

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Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000