European Investment Bank interested in Armenia’s energy projects
28.06.2017,
12:56
The European Investment Bank is interested in Armenia’s energy sector and is ready to expand cooperation here, Violine Silvestro, a senior lending specialist at the EIB, said Wednesday as he met with Ashot Manukyan, Armenian energy infrastructures and natural resources minister.
YEREVAN, June 28. /ARKA/. The European Investment Bank is interested in Armenia’s energy sector and is ready to expand cooperation here, Violine Silvestro, a senior lending specialist at the EIB, said Wednesday as he met with Ashot Manukyan, Armenian energy infrastructures and natural resources minister.
According to the press office of the ministry, Manukyan presented some investment projects to guests.
Modernization of the High Voltage Electric Networks substation and construction of generation of electric power based on Shnokh hydro power plant by recycling household wastes were among these projects.
Speaking about the investment program of High Voltage Electric Networks Company, the minister said that ten of the existing 16 substations had already been modernized and reconstruction of other two can be paid from the financial resources saved in implementation of investment projects.
“Armenia expects that the bank will take part in the programs aimed at reconstruction of other four substations,” Manukyan said. “It will mean the completion of modernization of all substations, which is needed for servicing transit conveyance of electric energy as part of regional cooperation.”
The 76-megawatt Shnokh Hydro Power Plant will be built on Debed River. The project is estimated to cost $150 million.
A plant recycling household wastes is planned to be built in Hrazdan. --0---
According to the press office of the ministry, Manukyan presented some investment projects to guests.
Modernization of the High Voltage Electric Networks substation and construction of generation of electric power based on Shnokh hydro power plant by recycling household wastes were among these projects.
Speaking about the investment program of High Voltage Electric Networks Company, the minister said that ten of the existing 16 substations had already been modernized and reconstruction of other two can be paid from the financial resources saved in implementation of investment projects.
“Armenia expects that the bank will take part in the programs aimed at reconstruction of other four substations,” Manukyan said. “It will mean the completion of modernization of all substations, which is needed for servicing transit conveyance of electric energy as part of regional cooperation.”
The 76-megawatt Shnokh Hydro Power Plant will be built on Debed River. The project is estimated to cost $150 million.
A plant recycling household wastes is planned to be built in Hrazdan. --0---
