Whether Government Will Direct Profit Received from Lake Sevan to Lake Sevan Ecosystem Recovery?

Whether Government Will Direct Profit Received from Lake Sevan to Lake Sevan Ecosystem Recovery?

EcoLur

Within two months RA Ministry for Energy Infrastructures and Natural Resources will submit proposals to the Armenian Government on the investment programs, which will be implemented with the profit received from the sale of electricity produced with the additional water intake of 100 million cum out of Lake Sevan. In this regard, the Armenian Government made a relevant resolution on 18 August. With this decision, the procedure of profit calculation and payment was calculated, as well as RA Ministry for Energy Infrastructures and Natural Resources was allowed to open an extra-budgetary account in the treasury division of RA Finance Ministry.

Reminder: in 2017 270 million cum water will be taken from Lake Sevan instead of the statutory-set limit of 170 million cum water. The relevant bill was adopted by the National Assembly on 6 July.

The governmental resolution on the additional water intake out of Sevan and the follow-up amendments in the law heavily affected Lake Sevan ecosystem. As of 17 August, 210.623 million cum water intake was taken from Sevan and the level of Lake Sevan was decreased by 21 cm making up 1900.70 meters. The lake level differs from the last year's level only by 1 cm. Under such conditions, it's unclear whether the Armenian Government will direct the profit received at the expense of Lake Sevan at the recovery of the lake ecosystem.

17:18 August 17, 2017


Hot Spots


Regions


Subscription

Subscribe to receive our latest news