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'ELECTRIC NETWORKS OF ARMENIA' FINISHES SUBSTATIONS RECONSTRUCTION PROJECT
ArmInfo
2010-10-22 12:34:00
Arminfo. In September the "Electric Networks of Armenia" [ENA] company
finished 17 substations reconstruction project. The project cost
totally amounted to 440 mln, press-service of the company reported.
The project was fulfilled jointly with the chinese HPCC company, which
was the contractor. To finance the project the Armenian government
attracted the credit funds at $35 mln from the Japanese Bank for
International Cooperation. Taking the co-financing of ENA into account,
about $40 mln were invested to reconstruct the substations.
The reconstruction programme was fulfilled in several stages each
of which supposed repairing of four substations. Fulfillment of the
programme will lead to reduction of technical losses and exploitation
expenses for upgrading of the substations as well as raising of
their management.
The other stage of the programme supposes replacement of the worn out
and outdated equipment at other substations as well in 2011. Moreover,
construction of the new high voltage substation of the closed type
'Tsitsernakabert' has been already started. It will provide the
nearest regions with electric power and will take a part of burden
of 'Shahumyan-2' substation. Construction of this substation is
conditioned by fast development of Yerevan.
To recall, in 1999 the Armenian government signed the credit with
JBIC for 40 years with 1,8% of rate of interest with a grace period
during the first 10 years.
From: A. Papazian
ArmInfo
2010-10-22 12:34:00
Arminfo. In September the "Electric Networks of Armenia" [ENA] company
finished 17 substations reconstruction project. The project cost
totally amounted to 440 mln, press-service of the company reported.
The project was fulfilled jointly with the chinese HPCC company, which
was the contractor. To finance the project the Armenian government
attracted the credit funds at $35 mln from the Japanese Bank for
International Cooperation. Taking the co-financing of ENA into account,
about $40 mln were invested to reconstruct the substations.
The reconstruction programme was fulfilled in several stages each
of which supposed repairing of four substations. Fulfillment of the
programme will lead to reduction of technical losses and exploitation
expenses for upgrading of the substations as well as raising of
their management.
The other stage of the programme supposes replacement of the worn out
and outdated equipment at other substations as well in 2011. Moreover,
construction of the new high voltage substation of the closed type
'Tsitsernakabert' has been already started. It will provide the
nearest regions with electric power and will take a part of burden
of 'Shahumyan-2' substation. Construction of this substation is
conditioned by fast development of Yerevan.
To recall, in 1999 the Armenian government signed the credit with
JBIC for 40 years with 1,8% of rate of interest with a grace period
during the first 10 years.
From: A. Papazian