Jermuk-2 hydropower station to be put in commission in December 2010June 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 | Narek Manasyan wins European Boxing Championships silver for Armenia Armenia’s Narek Manasyan (92kg) won Armenia’s second silver medal at the European Boxing Championships 2024 on April 28. Blinken urges Azerbaijan to continue negotiations with Armenia Secretary of State Antony J. Blinken has urged Azerbaijani President Ilham Aliyev to continue negotiations with Armenia. Pashinyan, Blinken talk Armenia-U.S. ties over the phone Prime Minister Nikol Pashinyan had a phone conversation with US Secretary of State Antony Blinken on April 28, Pashinyan’s office reports. Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. |