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Gazprom Armenia CJSC has invested $ 500 million in the country but is operating at a loss, Hrant Tadevosyan, executive director of Gazprom Armenia, said on Thursday. 

“In connection with the 5th power unit of the Hrazdan TPP owned by Gazprom Armenia CJSC, the company today faced the issue of repaying a loan of $ 100 million. The difficulties are related to the fact that the thermal power plant operates only a couple of months a year since the state did not carry out the corresponding work promised many years ago. This is another sign that the company suffers losses, and does not provide superprofits, as some people believe,” he said. 

According to him, delaying the solution of issues today will create even more difficulties in the future.

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