Number of subscribers of Armenia Water and Sewerage Company
grows threefold in past 4 years
24-03-2009 19:00:00 | Armenia | Economy
YEREVAN, MARCH 24, NOYAN TAPAN. Since 2004 the quality of
drinking water has improved in Armenia thanks to implementation
of the 23 million-dollar Community Water Supply and Sewerage
credit program financed by the USAID. Director General of
Armenia Water and Sewerage Company Patrick Lorin said during the
presentation of an annual report on March 24 that as a result of
the program's implementation, structural changes were made at
the company, its financial indices improved, disinfected water
volumes doubled, and the time of water supply was increased from
6 hours daily in 2004 to 12 hours in 2008. Power consumption
declined by 30% thanks to the launching of new pumping stations.
The number of subscribers grew 3fold from 53,000 to 115,000 in
the past 4 years. The subscriber payments grew by 70% in the
indicated period.
P. Lorin said that the second credit program of 20 million
USD additional financing by the World Bank's Board of Directors
was submitted by the company to the Armenian government. The
program is aimed at expanding the achievements of the first
program. Besides, the program envisages extension of the current
management agreement by two years. By the new program, the water
supply systems of the settlements, which are in Armenia Water
and Sewerage Company's servicing territory and were not included
in the first program, will be financed.
According to the Chairman of the State Water Industry
Committee of the RA Ministry of Territorial Administration
Andranik Andreasian, they are trying to find new financing
sources (in addition to the above mentioned program) for
solution of water supply and sewerage problems in about 300
settlements and for increasing the capacities of Armenia Water
and Sewerage CJSC.