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REPORT ON 2008 ACTIVITIES OF ARMENIA RENEWABLE RESOURCES AND ENERGY EFFICIENCY FUND APPROVED
Noyan Tapan
http://www.nt.am?shownews=1012078
Feb 11, 2009
YEREVAN, FEBRUARY 11, NOYAN TAPAN. During the February 11 sitting of
the Board of Trustees of the Armenia Renewable Resources and Energy
Efficiency Fund conducted by the Board's chairman, Armenian prime
minister Tigran Sargsyan, the report on the 2008 activities of the
Fund was approved.
Presenting the results of last year's activities, the director of the
Fund Tamara Babayan said that in 2008 the Fund continued implementing a
number of programs launched in 2006, including the World Bank-financed
City Heating credit project, the Global Environmental Protection
Measures trust fund-financed Renewable Energy grant program, as well
as the World Bank and Global Partnership for Output-Based Aid-financed
Heating and Gas project.
These projects will be implemented until the end of this year.
As regards the implementation of the decisions taken at the
previous sitting of the Board of Trustees, T. Babayan said
that all the instructions were carried out completely and in
time. In particular, preparatory work on the necessary measures for
approval of the Geothermal Program and its rapid launching has been
completed. Negotiations took place between the Armenian delegation
and the World Bank on January 29, 2009, as a result of which the WB
will provide 1.5 million dollars as a grant, and 300 thousand drams
(17% of the expenses) will be allocated from the state budget of
Armenia. It is envisaged finishing the program in 2010.
Noyan Tapan
http://www.nt.am?shownews=1012078
Feb 11, 2009
YEREVAN, FEBRUARY 11, NOYAN TAPAN. During the February 11 sitting of
the Board of Trustees of the Armenia Renewable Resources and Energy
Efficiency Fund conducted by the Board's chairman, Armenian prime
minister Tigran Sargsyan, the report on the 2008 activities of the
Fund was approved.
Presenting the results of last year's activities, the director of the
Fund Tamara Babayan said that in 2008 the Fund continued implementing a
number of programs launched in 2006, including the World Bank-financed
City Heating credit project, the Global Environmental Protection
Measures trust fund-financed Renewable Energy grant program, as well
as the World Bank and Global Partnership for Output-Based Aid-financed
Heating and Gas project.
These projects will be implemented until the end of this year.
As regards the implementation of the decisions taken at the
previous sitting of the Board of Trustees, T. Babayan said
that all the instructions were carried out completely and in
time. In particular, preparatory work on the necessary measures for
approval of the Geothermal Program and its rapid launching has been
completed. Negotiations took place between the Armenian delegation
and the World Bank on January 29, 2009, as a result of which the WB
will provide 1.5 million dollars as a grant, and 300 thousand drams
(17% of the expenses) will be allocated from the state budget of
Armenia. It is envisaged finishing the program in 2010.