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Armenia May Get German Funds For Hydropower Plan, Armenbrok Says

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  • Armenia May Get German Funds For Hydropower Plan, Armenbrok Says

    ARMENIA MAY GET GERMAN FUNDS FOR HYDROPOWER PLAN, ARMENBROK SAYS
    By Helena Bedwell

    Bloomberg
    April 19 2012

    Armenia may get 40 million euros ($52 million) for renewable energy
    projects from Germany's state-run development bank, Armenbrok
    Investment Co. said.

    The plan is part of a program set up in 2007 with 24 million euros
    and will be used for hydropower, it said today in a report, citing
    German-Armenian Fund Director Gevorg Tumanyan.




    From: A. Papazian
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