Money Generated from Additional Water Intake of Lake Sevan To Be Transferred to Extrabudgetary Account

Money Generated from Additional Water Intake of Lake Sevan To Be Transferred to Extrabudgetary Account

EcoLur

The additional money generated from the sale of electricity due to the additional water intake of 40 million cum out of Lake Sevan in 2018 will be transferred to the extra-budgetary account of RA Ministry for Energy Infrastructures and Natural Resources. It was estimated that around 38 million kW/h electricity will be produced as a result of the additional water intake of 40 million cum out of Lake Sevan.
 
Under the resolution, these funds will be directed at the solution of primary tasks laid down in the interim program of RA Law 'On Approval of Annual and Complex Programs of Recovery, Conservation, Reproduction and Usage of Lake Sevan Ecosystem for 2018'. The law doesn't lay down exact investment programs.
 
Reminder: in 2017 1.6 billion AMD was generated from the sale of electricity as a result of additional water intake in the amount of 100 million cum out of Lake Sevan, which was transferred from the extra-budgetary account of RA Ministry for Energy Infrastructures and Natural Resources to the state budget. It turns out this year again an extrabudgetary budget is opened, where the funds will be transferred.
 
In 2018 Deputy PM Tigran Avinyan said about the additional water outlet out of Lake Sevan at the Cabinet discussions that these 1.6 billion would be directed at the measures aimed to decrease water intake out of Lake Sevan. RA Minister for Energy Infrastructures and Natural Resources Arthur Grigoryan mentioned that these funds having generated from the additional water intake will be spent to solve the environmental problems in Lake Sevan. Nevertheless, so far it is known how the funds generated from the additional water intake in 2017 had been managed and which problems they were directed to solve.

16:21 January 17, 2019


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