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Armenia and World Bank signs energy project

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  • Armenia and World Bank signs energy project

    Armenia and World Bank signs energy project

    Arminfo
    7 Apr 06



    Yerevan, 7 April: Armenian Minister of Finance and Economy, Vardan
    Khachatryan, and the head of the World Bank's representative office in
    Yerevan, Roger Robinson, signed a renewable energy project in Yerevan
    today. The total cost of the project is 8m dollars, including a
    5m-dollar loan from the International Development Association, and a
    3m-dollar grant from the Global Environment Facility.

    The programme will assist the Armenian government in increasing energy
    capacities through the use of renewable energy sources and in reducing
    the carbon dioxide emission, the Finance Ministry press service told
    Arminfo.
    [Passage omitted: minor detail]
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