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RusHydro to repair Armenia's Sevan-Hrazdan hydropower system
May 25, 2013 | 00:39
The Asian Development Bank (ADB) signed a $25 million loan that will
help International Energy Corp. (IEC) to repair Armenia's
Sevan-Hrazdan Cascade Hydropower System.
To note, IEC is majority owned by RusHydro, the Russian Federation's
largest hydropower generation company, which owns the aforesaid
cascade.
The article titled `Armenia's Aging Hydropower Plants Get New Life
with ADB Private Sector Loan,' which is posted on ADB's official
website, notes that the Sevan-Hrazdan Cascade Hydropower System, which
was built between the 1930s and 1960s, now requires significant
rehabilitation to extend its working life and reduce the risk of major
failures
It is noted that ADB's participation will also help build confidence
for private sector participation in Armenia's renewable energy
development.
In January, it was informed that RusHydro had become the guarantor of
the $25 million loan by the European Bank for Reconstruction and
Development (EBRD), which likewise will be engaged in the
modernization of the Sevan-Hrazdan Cascade Hydropower System.
News from Armenia - NEWS.am
From: A. Papazian
May 25, 2013 | 00:39
The Asian Development Bank (ADB) signed a $25 million loan that will
help International Energy Corp. (IEC) to repair Armenia's
Sevan-Hrazdan Cascade Hydropower System.
To note, IEC is majority owned by RusHydro, the Russian Federation's
largest hydropower generation company, which owns the aforesaid
cascade.
The article titled `Armenia's Aging Hydropower Plants Get New Life
with ADB Private Sector Loan,' which is posted on ADB's official
website, notes that the Sevan-Hrazdan Cascade Hydropower System, which
was built between the 1930s and 1960s, now requires significant
rehabilitation to extend its working life and reduce the risk of major
failures
It is noted that ADB's participation will also help build confidence
for private sector participation in Armenia's renewable energy
development.
In January, it was informed that RusHydro had become the guarantor of
the $25 million loan by the European Bank for Reconstruction and
Development (EBRD), which likewise will be engaged in the
modernization of the Sevan-Hrazdan Cascade Hydropower System.
News from Armenia - NEWS.am
From: A. Papazian