SINCE MAY 1 IEC SUSPENDED ARMENIAN ENERGY EXPORT TO GEORGIA

PanARMENIAN.Net - Since May 1 the International Energy Corporation CJSC (IEC) has suspended the export of the Armenian energy to Telasi Georgian company, IEC Deputy Director General Mels Hakobian stated, RIA Novosti reports. In his words, the main reason for the export suspension has become the continuing debase of the US dollar to AMD resulting in commercial impracticability of the energy export. "We obtain energy in terms of drams and sell in terms of dollars, however due to the dollar devaluation we suffer great losses", Hakobian noted. He also informed that the IEC held negotiations with Telasi but the latter said the Georgian party is not ready to raise tariffs for the energy at present. To note, the IEC exported on average 2.45 million kilowatt-hour day and night with a tariff of 2.75 cents for a kilowatt.