Armenia Is Active Entity in Energy Charter

YEREVAN (Noyan Tapan)–Armenia is among the first countries participating in the Energy Charter that was submitted to the Secretariat. The submission included a package of reports containing detailed descriptions of both the current state of the energy sector and dynamics of reforms in the sphere: restructuring–privatization–and commercialization.

According to Eduard Nersissian–Armenia’s national expert for the Secretariat of the Energy Charter–the package contains the following reports: "Investment climate in the energy sector"–"Restructuring of the energy sector and privatization"–and "Energy efficiency in the energy sector".

After some issues are clarified–the reports will be put on the official site of the Energy Charter. Nersissian pointed out that within the framework of the Energy Charter–Armenia takes an active part in elaborating the necessary documen’s as well as in the activities of working groups for the transit of energy sources–investmen’s and trade.

Currently–the organization is working on one of the most important documen’s – the protocol on the transit of energy sources which is to be prepared before the end of 2000. The protocol is expected to be a legally binding document which will be signed by all the countries participating in the Energy Charter. Nersissian said that the most important task is to reflect Armenia’s interests in the final document.

The most important tasks of the Energy Charter–which was established in 1991–is the elaboration of the documen’s legally binding all the countries participating in the Energy Charter. The backbone of the process of the Energy Charter is the Agreement for the Energy Charter signed by 51 European and Asian countries and aimed at promoting trade–enhancing energy efficiency–protecting capital investmen’s in energy–etc.

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