30/01/2009 17:45
Contract on credit extension and programme financing signed
On 30 January the Armenian Ministry of Finance, KfW German Bank and «Armenian high-voltage electricity supply network» CJSC signed a «credit extension and programme financing» contract on allocating 14,6 million euros for reconstruction of Gyumri-2 high-voltage electricity supply network.
The programme foresees to reconstruct the network completely installing it with modern equipments, the press center of Armenian Ministry of Finance reports. This will enable to increase the electricity supply reliability in Gyumri and in adjacent communities.