SERGE SARGSYAN’S ECONOMIC DISCOVERIES
Support A1+!Today the Defence Minister Serge Sargsyan presented the journalists the full story of the 5th block of the Hrazdan power station which turns out to have a 5 - year history and is the initiative of the Russian side. “Then “RAO EES and GazProm” wanted to buy the 5th block on condition that Armenia must fully take the produced electricity but the deal was not profitable for us as we had cheaper electricity sources then. We gave them a negative answer, and now when the conditions have become more profitable we give a positive answer.”
In one word, Serge Sargsyan considers the bargain a “favourable” one. “The strangest is the thing that everybody seems to be concerned with the deal without having the slightest notion of the 5th block. It resembles a –three - storey building which only has a cellar and nothing else.”
The Defence Minister tried to explain the favourable outcome of the deal to the journalists from economic point of view. According to him the construction of the block requires at least 180million USD expenditure and the constructed block will return the sum invested only in 10 years’ time. “It means that we would have a profitable energy station only in 2017. And only Nastradamus could answer the question whether we could have any profit or not,” says Serge Sargsyan. What do we need now as a country and as a nation? To sell the thing we don’t possess with 250 million USD or to wait till we have some money in 2017?”
