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Tigran Sargsyan Participates In Ceremony Of Project Completion On Mo

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  • Tigran Sargsyan Participates In Ceremony Of Project Completion On Mo

    TIGRAN SARGSYAN PARTICIPATES IN CEREMONY OF PROJECT COMPLETION ON MODERNIZATION OF SUBSTATIONS

    PanARMENIAN.Net
    November 23, 2010 - 18:06 AMT 14:06 GMT

    On November 23, Armenian Prime Minister Tigran Sargsyan, accompanied
    by OJSC INTER RAO UES Management Board Chairman Boris Kovalchuk
    and Electric Networks of Armenia CJSC Director General Yevgeni
    Gladunchik, participated in a ceremony of completion of the project
    on reconstruction of 17 substations.

    Tigran Sargsyan expressed hope that the investments to the project will
    be justified, as a result of which there will be a high reliability
    of electric power supply in Armenia.

    "It is a large-scale program, which is aimed at securing uninterrupted
    electric power supply to the country's consumers," Boris Kovalchuk
    said in his welcoming speech.

    According to him, the total cost of the project amounted to $50mln,
    including $35mln allocated by the Japan Bank for International
    Cooperation. The rest was provided from funds of Electric Networks
    of Armenia. The works were carried out by a Chinese company, which
    won the tender. The program implementation will lead to reduction of
    technical losses and exploitation costs.




    From: A. Papazian
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