Armenian Government approves decision on subsidizing tariffs of electricity on a parity basis with Tashir Foundation

 Tashir Foundation on a parity basis with the Armenia's Government will compensate for the rising tariff of electricity at the price of 6.93 AMD for KWh till July 31, 2016, Yervand Zakharyan, Minister of Energy and Natural resources announced at the Armenian Government's session on October 29.  
According to the Minister, the compensation, which was approved today, will come into force post factum from August 1, from the moment of price hike and will last till July 31, 2016. 

As the Prime Minister noted, according to an agreement, the Government will subsidize the payments of electricity for general public and small and medium businesses, which consume up to 250KWh.

As it was informed earlier, new owner of Electric Networks of Armenia, Samvel Karapetyan in order to support the people of Armenia has expressed readiness, on a parity basis with the Government of Armenia, to spend his own funds to compensate for the tariffs of electricity of the general public and small businesses till August 1, 2016.

As Hovik  Abrahamyan announced at the Armenian Government Session on October 1, "604 thousand from 766 889 users monthly consume 250KWh in average. The Armenian Government on a parity basis will compensate for the payments of this group of people, as well as will partly compensate for the payments of those small businesses which consume up to 500KWh.We express our gratitude to Mr. Samvel Karapetyan for this", Hovik Abrahamyan said. The rest of the citizens, who have financial capacities, will have to pay for the electricity in high rates taking into account the objective situation. As a result, private households, consuming up to 250KWh and other clients consuming up to 500KWh will receive compensation.  However, his compensation will be made for 250KWh.