$40 M for transmission modernization in Armenia
The funding comes in support of the Enabling the Energy Transition project for Armenia.
The funding comes in support of the Enabling the Energy Transition project for Armenia.
Multilateral financial institutions IFC and the EBRD, along with the EU, will finance Armenia’s first utility-scale solar project.
Armenia, Yerevan: The construction works of the 3rd Armenia − Iran power transmission line is expected to be completed in 2020.
The ArmPower has secured over $200 million in funding from the World Bank Group and other multilateral lenders.
Armenia, Yerevan: Armenia’s Energy and Natural Resources Ministry will soon announce an international tender to select a contractor for building the fourth 400 kV electricity transmission line to Georgia, reports Asbarez.
Germany, Frankfurt am Main: KfW Development Bank has granted two loans for $ 105.58 million (EUR 85.2 million) to the Armenian High Voltage Electricity Network (HVEN) for a major transmission grid upgrade.