Artak Hanesyan: Ameriabank approves 12 applications for small hydropower plants financing to amount of $20.2mln

Artak Hanesyan: Ameriabank approves 12 applications for small hydropower plants financing to amount of $20.2mln

PanARMENIAN.Net - Ameriabank CJSC has approves 12 applications for small hydropower plants financing to the amount of $20.2mln.

“The process was launched in November 2009. $4.7 mln was already allocated. Besides, $25 mln will be distributed during the current year, with $14 mln Cascade Bank assigned for renewable energy sector,” Ameriabank CEO Artak Hanesyan said.

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