February 16, 2012 - 13:48 AMT
German company announced Vorotan hydroplants project consultant

At Feb 16 sitting, Armenian Government confirmed the results of an international competition on announcing consultant for Vorotan hydropower plants recovery project.

According to Armenian Minister of Energy and Natural Resources Armen Movsisyan, Fichtner GmbH & Co.KG German company was announced winner of the contest, services of which cost about 2,7 mln. euro.

The project will be implemented at the expense of KfW German banking group’s credit at 51 mln. euro.