  Jermuk-2 hydropower station to be put in commission in December 2010 June 9, 2010 - 18:35 AMT PanARMENIAN.Net - CEO of Ameriabank CJSC Artak Anesyan said that Jermuk-2 hydropower station will be put in commission in December 2010. This project is the first hydropower station financed by Ameriabank from $15mln loan funds provided by the International Financial Corporation (IFC), Anesyan told journalists in Jermuk. Jermuk-2 hydropower station is constructed in Vayots Dzor region of Armenia. The total cost of the project amounts to $3.15mln, while $2mln of it will be provided by Ameriabank. The initial capacity of the station makes 2.3 megawatts, while the annual electricity production is expected to total 10.26 kilowatts/hour. The hydropower station’s financing has started since September 2009. Meanwhile, the project financing was entirely included in the IFC program on crediting of resumed energy in February 2010. Currently, the basic part of construction works is completed. Besides, high-quality hydro equipment is ordered from the Czech Republic.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Czech-Armenian military cooperation discussed in Yerevan  A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia.U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel.Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide.Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |
