Armenia, Yerevan: The technical project plan put forward by the technical commission for the construction of the new Armenia-Georgia high-voltage transmission line is now accepted, with the construction costs cut by 30 %, reports Armenpress.
Armenia, Yerevan: Russia-based Tashir group of companies assisted by Investors Club and a number of international organizations will invest a total of $1 billion in Armenia’s energy sector, according to the deputy CEO of Tashir, Karen Darbinyan.
The Asian Development Bank (ADB) has approved an $80 million loan to Electric Networks of Armenia CJSC (ENA) to help improve electricity distribution and increase energy independence and efficiency in Armenia, reports EBR.
Armenia, Yerevan: Armenia’s Energy and Natural Resources Ministry will soon announce an international tender to select a contractor for building the fourth 400 kV electricity transmission line to Georgia, reports Asbarez.
Germany, Frankfurt am Main: KfW Development Bank has granted two loans for $ 105.58 million (EUR 85.2 million) to the Armenian High Voltage Electricity Network (HVEN) for a major transmission grid upgrade.