Thursday, August 10 2017 19:13
Naira Badalian

"Stabilization Fund" will allow current tariffs for electricity in Armenia until 2036

"Stabilization Fund" will allow current tariffs for electricity in Armenia until 2036

ArmInfo. Armenia strives to maintain the current tariffs for electricity until 2036. "The Armenian government at this stage is discussing the prospect of creating a "stabilization fund", which will neutralize the impact of external risks on the tariff policy of the energy sector," Minister of Energy Infrastructures and Natural Resources of Armenia Ashot Manukyan stated at the Governmental meeting on August 10.

According to the minister, this is a very ambitious project and is included in the development program for the development of Armenia's energy sector until 2036. However, in all likelihood, it will be approved in the form of a separate normative act. "We are trying to find a way to implement this project, which will allow us to implement this project in the next 15 years.

According to him, the long-term concept for the development of the energy sector to the government will be presented until September this year. "We must take into account our hydropower potential, the potential of the Meghri hydropower plant, the solar and wind energy in the country, and understand what steps we need to take to ensure energy security," Prime Minister Karen Karapetyan said.

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