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Slovak Company Pledges To Build 15 Hydro Power Plants For Nagorno Ka

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  • Slovak Company Pledges To Build 15 Hydro Power Plants For Nagorno Ka

    SLOVAK COMPANY PLEDGES TO BUILD 15 HYDRO POWER PLANTS FOR NAGORNO-KARABAKH

    ARMENPRESS
    Jan 23, 2008

    YEREVAN, JANUARY 23, ARMENPRESS: A Slovakian VUJE company has pledged
    to build 15 small hydro power plants for Nagorno-Karabakh.

    Ashot Grigorian, an Armenian businessman living in Slovakia and
    chairman of an organization seeking to boost bilateral ties, said the
    agreement was reached by members of a Slovakian business delegation
    and Nagorno-Karabakh officials when they met in Yerevan the other day.

    Ashot Grigorian said Slovak specialists will visit Nagorno-Karabakh
    in February and March for a first-hand knowledge. He said VUJE plans
    also to build two small such plants in Armenia.

    Grigorian said Slovak Exim bank plans to give a 30-50 million euro
    loan to Armenian banks at 6-9 percent interest rate.
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