Public Services Regulatory Commission approved “Gasprom Armenia” CJSC’s Investment Program for 2016 – 2018

On 27 January 2016, the Public Services Regulatory Commission of the Republic of Armenia approved “Gasprom Armenia” CJSC’s Investment Program for 2016 – 2018. The cost of the Program is 44 869,1 million AM, of which 11 084.5 million would be invested in 2015. The Information Department of “Gasprom Armenia” CJSC reports.

In 2016 – 2018, the Company plans to implement investments I in the following main directions:

Gas transportation system

• Reconstruction and expansion of Abovyan underground gas storage: 12 356,4 million AMD of which 1 160,1 million AMD in 2016,

• Reconstruction of the System: 15 988,2 million AMD of which 3 277,5 million AMD in 2016,

• Investments in other directions of the System will total to 1 495,1 million AMD of which 713,2 million AMD in 2016.

Gas distribution system

• Connecting new subscribers: 1 180,3 million AMD, of which 657,2 million AMD in 2016,

• Reconstruction of the System: 7 314,1 million AMD, of which 2 539,4 million AMD in 2016,

• Investments in other directions of the System will total to 6 535,0 million AMD, of which 2 737,1 million AMD in 2016.

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