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Fifth Unit Of Hrazdan Power Plant Important TO South Caucasus

01.06.2010, 19:00
A deputy chief executive officer of Russian Gazprom, Valery Golubev, traveled Monday to central Armenian town of Hrazdan to see the pace of the ongoing construction of the Hrazdan plant’s new fifth unit.
YEREVAN, June 1, /ARKA/. A deputy chief executive officer of Russian Gazprom, Valery Golubev, traveled Monday to central Armenian town of Hrazdan to see the pace of the ongoing construction of the Hrazdan plant’s new fifth unit.

Russia’s Gazprom monopoly acquired the incomplete facility in 2006 as part of an agreement with Armenian government, pledging to finish the construction by 2011.

Speaking to journalists, Golubev said the fifth unit of the Hrazdan thermal power plant is of a huge interests not only to Armenia and Russia but also to the region. He described it as a unique energy facility. He said also Gazprom has invested a total of $460 million in this project.

The assembly-construction work on the fifth unit will be over in September. Construction is being handled by ArmRosGazprom (ARG), Armenia’s natural gas distribution operator in which Gazprom holds 80% stake. The remaining portion is owned by Armenian government. The new facility will use natural gas from neighboring Iran through a pipeline constructed in late 2008 to produce electricity and export it back to the Islamic Republic. –0--