  Parliament OKs electricity network improvement loan deal June 23, 2015 - 17:08 AMT PanARMENIAN.Net - Armenia’s parliament approved at its special session on Tuesday, June 23 the agreement envisaging a $52 million loan from the International Bank for Reconstruction and Development (IBRD) under Electricity Transmission Network Improvement Project (ETNIP), ARKA reports. Armenia’s minister of finance Gagik Khachatryan and the head of WB office in Armenia Laura Bailey signed the loan agreement on April 8, 2015. The project is implemented by Yerevan Heat Power Plant and High Voltage Electric Networks closed joint stock company. The aim of the project is to overhaul and reconstruct Ashnak electrical substation and some others at Yerevan Heat Power Plant to enhance the reliability of energy supply systems.   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 European Parliament to discuss repression in Azerbaijan  The European Parliament will discuss repression of civil society in Azerbaijan on April 24PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE.Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide.Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |
