 RA Finance Ministry, WB sign $39mln agreementJune 2, 2011 - 13:28 AMT PanARMENIAN.Net - Armenian Minister of Finance Vache Gabrielyan and Asad Alam, World Bank Regional Director for the South Caucasus Countries, signed a #39mln loan agreement on June 1 for the Program of Reliability of Electric Energy Supply. The loan is provided for a 25-year term, with 10 years of grace period. According to the press service of the Armenian Ministry of Finance, the amount will be provided to High Voltage Electric Networks CJSC as a sub-loan to implement measures aimed at improving reliability of the transmission network and increasing its capacity. A component of the program envisages substitution of the transmission line connecting Hrazdan Thermal Power Plan with Shinuayr substation, while another part refers to technical assistance.   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 Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty  Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations.Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |
