German government to allocate 12 million euro loan to Armenia

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20.07.2023, 19:34

The Armenian government has green-lighted today an agreement on financial cooperation between the governments of Armenia and Germany for 2022 whereby Germany will provide Armenia with a EUR 12 million loan.

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German government to allocate 12 million euro loan to Armenia

YEREVAN, July 20. /ARKA/. The Armenian government has green-lighted today an agreement on financial cooperation between the governments of Armenia and Germany for 2022 whereby Germany will provide Armenia with a EUR 12 million loan.

The financial support will be provided for the implementation of a project on expansion of renewable energy sources utilization and energy saving: phase III".

Under the agreement, additional grants will also be provided if necessary. -0-

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#RENEWABLE ENERGY

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