Yerevan /Mediamax/. Public Service Regulatory Commission (PSRC) approved “ArmRosGazprom” Company’s investment program for 2009-2011 today.

Head of PSRC Investment Department Abgar Budaghyan stated that the company presented draft investment project at the volume of 65.8bln AMD to the consideration of the commission in March, 2009.

According to him, while discussing planned expenditures, PSRC found certain expenses economically unjustified and suggested “ArmRosGazprom” cutting down the investment program for 2009-2011 for 4.2bln AMD.

At today’s session, PSRC approved “ArmRosGazprom” investment program at the volume of 61.5bln AMD, 27.1bln AMD of which will be implemented in 2009.

Head of “ArmRosGazprom” Department for Development and Investment Issues Ashot Hakobyan informed that within three years the company intends to invest means in improving the systems for natural gas transportation and distribution, expansion and modernization of Abovyan underground gas storage, improvement of the level of subscriber maintenance reliability and safety.