Armenian Government allocates around 43 million USD from
A regular Cabinet meeting took place today, chaired by Prime Minister Nikol Pashinyan, Armenian Government press office reports. According to the Government decision,
Armenia has made some progress towards developing a basic building-efficiency policy framework, and further efforts are underway, including as part of the Comprehensive Enhanced Partnership Agreement (CEPA) with the European Union.
Key government priorities include promoting maximum use of the country's potential for renewable energy and energy efficiency; increasing power transmission links with Armenia's neighbours; gradually liberalising the domestic electricity market; and maintaining and, possibly, increasing the role of nuclear power.
Armenia depends on imports to meet much of its energy needs, particularly natural gas from the Russian Federation. It is one of the few ex-Soviet republics to avoid significant energy subsidies, and it is the only country in the Caucasus region to possess a nuclear power plant.
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