In 2021, Proceeds from Sale of Electricity Generated from Additional Water Intake from Lake Sevan To Be Used to Improve and Modernize Irrigation Systems

In 2021, Proceeds from Sale of Electricity Generated from Additional Water Intake from Lake Sevan To Be Used to Improve and Modernize Irrigation Systems

On June 9, 22, the executive decided to direct the additional money received from the sale of electricity generated from the production of more than 170 million m3 of water released from Lake Sevan in 2021 to the improvement and modernization of irrigation systems.

The additional, expected 1,452,336.9 thousand AMD received from the sale of electricity generated at the expense of over 170 million m3 of water released from Lake Sevan in 2021 will be credited to the extra-budgetary account opened at RA Finance Ministry.

These funds are intended to be allocated for the implementation of capital repairs of the infrastructure on the balance sheet of "Jrar" CJSC, which is fed from the irrigation system of Sevan-Hrazdan.

 

June 09, 2022 at 17:00