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YEREVAN THERMAL POWER PLANT TO SEEK LOAN WORTH $450MLN FOR THE SECOND POWER UNIT
YEREVAN, July 2. /ARKA/. The Yerevan thermal power plant is planning to
seek a loan worth $450 million for modernization of its second unit,
general director of the plant Hovakim Hovhannisyan told reporters
on Tuesday.
Armenia's government gave permission for attracting lending resources
for reconstruction of the second unit at the Yerevan thermal power
plant, secured on the plant's real estate.
The negotiations on investments are under way, and the Japanese side,
according to the preliminary agreements, is ready to provide a soft
loan, Hovhannisyan said. The general director refrained from specifying
the loan terms though.
Modernization of the second unit will allow enhancing efficiency
substantially, Hovhannisyan said. He also said if a loan worth $450
million is provided a power unit of 400-450 megawatt can be built.
The Yerevan thermal power plant was modernized and equipped with
a new steam-gas unit of combined cycle and was re-commissioned in
April 2010. Total rated capacity of the new plant is 271.7 megawatt;
the production output is 242 megawatt and thermal output is 434.9
gigajoules-hours. The new steam-gas unit was constructed in cooperation
with the Japanese Bank for International Cooperation that provided a
loan worth $247 million for 30 years with a 10-year grace period. -0--
- See more at:
http://arka.am/en/news/economy/yerevan_thermal_power_plant_to_seek_loan_worth_450 mln_for_the_second_power_unit/#sthash.Hl05t9AR.dpuf
From: Baghdasarian
YEREVAN, July 2. /ARKA/. The Yerevan thermal power plant is planning to
seek a loan worth $450 million for modernization of its second unit,
general director of the plant Hovakim Hovhannisyan told reporters
on Tuesday.
Armenia's government gave permission for attracting lending resources
for reconstruction of the second unit at the Yerevan thermal power
plant, secured on the plant's real estate.
The negotiations on investments are under way, and the Japanese side,
according to the preliminary agreements, is ready to provide a soft
loan, Hovhannisyan said. The general director refrained from specifying
the loan terms though.
Modernization of the second unit will allow enhancing efficiency
substantially, Hovhannisyan said. He also said if a loan worth $450
million is provided a power unit of 400-450 megawatt can be built.
The Yerevan thermal power plant was modernized and equipped with
a new steam-gas unit of combined cycle and was re-commissioned in
April 2010. Total rated capacity of the new plant is 271.7 megawatt;
the production output is 242 megawatt and thermal output is 434.9
gigajoules-hours. The new steam-gas unit was constructed in cooperation
with the Japanese Bank for International Cooperation that provided a
loan worth $247 million for 30 years with a 10-year grace period. -0--
- See more at:
http://arka.am/en/news/economy/yerevan_thermal_power_plant_to_seek_loan_worth_450 mln_for_the_second_power_unit/#sthash.Hl05t9AR.dpuf
From: Baghdasarian