Capital investments by ArmRosgasprom in Armenian gas supply network to total 35.91bln drams in 2013-2015

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28.11.2012, 15:08

apital investments by ArmRosgasprom in gas supply network in Armenia are expected to total 35.91bln drams in 2013-2015.

Capital investments by ArmRosgasprom in Armenian gas supply network to total 35.91bln drams in 2013-2015

YEREVAN, November 28. /ARKA/. Capital investments by ArmRosgasprom in gas supply network in Armenia are expected to total 35.91bln drams in 2013-2015.

Under the company’s 2013-2015 investment program submitted to the Public Services Regulatory Commission, planned investments are 7.53bln drams for 2013, 12.02bln drams for 2014 and 16.36bln drams for 2015.

Under the program, the company is expected to invest a total of 25.21bln drams in the gas transmission system and 10.7bln drams in gas distribution network.

The 2014 and 2015 projections are made based on works and respective investments for 2013.

According to the program, works and investments for 2014-2015 may change depending on the performance results for 2013 and the economic and financial condition of the company.

ArmRosgasprom closed joint stock company holds monopoly in Russian gas supply and distribution on the Armenian domestic market. The company was established in 1997. Its stockholders are Gasprom open joint stock company and Armenian Government. ($1=406.32drams). –0-

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