ARKATELECOM
|
ARMBANKS
USD
382.54
EUR
441.83
RUB
4.7262
GEL
141.43
AM
EN
RU
All news
Economy
Media Kit
Saturday, November 8, 2025
weather in
Yerevan
+9
AM
RU
EN
Media Kit
NEWS
All news
Politics
Economy
Business
Society
ByBit Platform
Tourism
Year of Investing in Oneself
Life
Technology
Sport
Incidents
In the world
Analytics
Interview
Announcements
ARKA-15
Classified
ABOUT US
#CASCADE
Tourism
Reconstruction of Cascade Complex in Yerevan approved, marking the start of the practical phase – City Hall
The investment program for the Cascade Complex's reconstruction in Yerevan has received approval, and it is now moving into the practical phase, as announced by Sona Tevanyan, the mayor's adviser, who did not disclose the investment program's total amount.
03.11.2025, 12:32
Economy
Yerevan's Cascade Complex to be Completed: Investment Planned at Approximately 30 Billion AMD
During a meeting on Thursday, the Armenian government sanctioned the investment program of GTB Development, the firm tasked with finalizing the Cascade Complex.
23.10.2025, 14:18
Business
ContourGlobal and Ardshinbank together for the Bank’s largest financing transaction in Armenia's energy system
ContourGlobal successfully completes USD 135 million refinancing of a portfolio of three hydropower plants in Armenia
07.10.2025, 18:17
Technology
Vorotan Cascade owner to invest more than $14 million in 2024-2026.
Contour Global Hydro Cascade Company will invest more than AMD 5.5 billion (excluding VAT) in Vorotan HPP cascade owned by it, located in southern Armenia.
26.09.2024, 17:27
Society
Renowned French architect Jean-Michel Wilmotte presents two projects on Yerevan’s Cascade
Yerevan’s Mayor Tigran Avinyan visited the Paris office of Wilmotte & Associés Architectes and met with Jean-Michel Wilmotte, a renowned French architect, Avinyan’s press office reported on Friday.
17.05.2024, 18:04
Economy
EDB preparing to sign $51 million loan agreement with IEC for upgrading Sevan-Hrazdan cascade of HPPs
The Eurasian Development Bank (EDB) is preparing to sign a $51 million loan agreement with the International Energy Corporation for the modernization of the Sevan-Hrazdan chain of hydro-power plants in Armenia, EDB Senior Managing Director Denis Ilyin told a press conference in Almaty, Kazakhstan.
14.12.2023, 14:24
Business
PSRC approves IEC's adjusted investment program worth AMD 1.9 billion
Armenia’s Public Services Regulatory Commission (PSRC) has approved the adjusted investment program of International Energy Corporation (IEC; it owns the Sevan-Hrazdan HPP cascade), worth about AMD 1.9 trillion.
13.12.2023, 13:48
Economy
Some $140 million to be invested in modernization of Sevan-Hrazdan HPP cascade by 2033 - EDB review
The International Energy Corporation (IEC) in Armenia will invest $140 million in the modernization of Sevan-Hrazdan cascade of HPPs in 2024-2033, according to the Eurasian Development Bank's (EDB).
31.07.2023, 08:53
Technology
Austria to support modernization of Sevan-Hrazdan cascade of hydroelectric power plants and construction of ski resort in Armenia
Two cooperation memorandums between Armenian and Austrian companies were signed today on the sidelines of the Armenian-Austrian business forum in Yerevan.
03.02.2022, 13:45
Business
RusHydro sells its stake in International Energy Company to Tashir group of companies
Russian RusHydro hydroelectricity company said today it has completed the sale of its stake in the International Energy Company (IEC) CJSC, Armenia, to the Hrazdan Energy Company, which is a member of Tashir Group of Companies.
11.03.2020, 13:09
Economy
Russia's Kommersant reports about Tashir Group's intention to acquire Sevan-Hrazdan Cascade Hydro Power Plant in Armenia
RusHydro, a Russian hydroelectricity company, has agreed on selling 90% of the International Energy Company, which is the owner of the Sevan-Hrazadan Cascade Hydro Power Plant in Armenia, to Samvel Karapetyan's Tashir Group, Kommersant reported on Thursday referring to its source.
28.11.2019, 12:43
Business
Inecobank opens new modernized branch in Yerevan
The Yerevan-based Inecobank opened August 1 a new modernized branch in downtown Yerevan called Cascade.
02.08.2018, 19:36
Technology
RusHydro still looking for a buyer of its Armenian asset
RusHydro, one of Russia's largest power generating companies is still looking for a buyer of the Sevan-Hrazdan cascade of hydroelectric power stations in Armenia, which the company decided to sell as a non-core asset, Russian news agency TASS reported.
06.09.2017, 14:56
Business
RusHydro to consider sale of Sevan-Hrazdan cascade
RusHydro, one of Russia's largest power generating companies, is going to consider the possibility of selling the Sevan-Hrazdan cascade of hydroelectric power stations in Armenia, RusHydro deputy CEO George Rizhinashvili told journalists, according to finanz.ru.
21.04.2017, 17:33
Technology
Fifty-one million euro investment in Vorotan cascade to be included in electricity price
Armenia’s Public Services Regulatory Commission (PSRC) has allowed today the Contour Global Hydro Cascade, the owner of Vorotan cascade of hydropower plants in the southern region of Syunik, to incorporate 51 million euros, which it plans to attract from the German KfW bank to upgrade the utility, into the electricity price.
29.03.2017, 16:13
Business
IFC arranges $140 million in financing to boost clean energy supplies in Armenia
IFC, a member of the World Bank Group, said it has arranged a landmark $140 million financing package for the Vorotan Hydropower Cascade, one of Armenia’s main power generating facilities, to bolster the country’s supply of clean energy.
07.02.2017, 17:23
Technology
Contour Global to attract $150 million to upgrade Vorotan hydropower plant
Armenia’s Public Services Regulatory Commission (PSRC) has approved the decision of US-based Contour Global company to attract a $150 million loan for the modernization of Vorotan cascade of hydropower plants, located in southern Armenia.
12.12.2016, 15:31
Technology
International energy corporation to invest 18.9 billion drams in rehabilitation of Yerevan HPP-1
The International Energy Corporation cjsc will invests 18.9 billion drams in a major rehabilitation of the Yerevan HPP-1, Armenian economy minister Artsvik Minasyan told a Cabinet meeting today.
02.06.2016, 18:20
January
February
March
April
May
June
July
August
September
October
November
December
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Mon
Tue
Wed
Thu
Fri
Sat
Sun
27
28
29
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Popular
Armenia and Turkey have successfully negotiated an increase in the number of flights connecting the two countries, announced RA Foreign Minister Ararat Mirzoyan during his address at the Orbeli Forum on "Establishing Peace and Multilateral Cooperation."
Armenia and Turkey agreed to increase the number of mutual flights: Foreign Minister
