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ADB to provide Armenia with $37 million loan
YEREVAN, September 5. / ARKA /. On September 5, in the Ministry of
Energy and Natural Resources was signed the loan Agreement on «Power
Transmission rehabilitation Project», between the Republic of Armenia
and the Asian Development Bank.
On behalf of the Republic of Armenia the Agreement was signed by the
Minister of Energy and Natural Resources of the Republic of Armenia
Mr. Ervand Zakharyan, and on behalf of the Asian Development Bank the
Agreement was signed by the Resident Representative in Armenia Mr.
David Dole.
At a time, there was signed the Power Transmission rehabilitation
Project Agreement between the Asian Development Bank, `High Voltage
Electric Networks' company and `Electro Power Systems Operator'
company.
The Asian Development Bank intends to provide the Republic of Armenia
(Borrower) over 37 million dollars loan funds (25-year repayment term,
including a 5 year preferential period and the annual interest rate of
2%).
The Program will be implemented by `Electro Power Systems Operator'
CJSC and "High Voltage Electric Networks" CJSC.
The loan program will contribute to increase the countrie's energy
security and the reliability of electricity supply to consumers, as
well as the development of the mutually beneficial regional
cooperation in the energy sector.
The program envisages to expand SCADA and energy management systems of
control and data acquisition, as well as to rebuild the 220 kV
"Agarak-2" and "Shinuhayr" substations.
For the making of already embedded SCADA system completely operating
and more effective, it is scheduled to install about 200 km of
additional optics-fiber cable, significantly to increase the number of
users of SCADA system, to modernize the existing software package and
to create inter-server data exchange opportunity with SCADA systems of
neighboring.
During the previous years, the ''Shinuhayr" 220 kV substation has been
partially rebuilt and the 220 kV voltage primary equipments of the
substation have been replaced.
Within the frame of this program, there will be replaced the secondary
chains and relаy protection and automation outdated installations,
which do not comply with the requirements of reliable and safely
electricity transmission.
It is intended to install an additional 220/110 kV auto-transformator
in "Agarak 2" substation, which is directly connected to the Iranian
230 kV network, that will create a connection between the 220 and 110
kV transmission lines in the current sector of the energy system and
enable to provide the 110 kV "Agarak 1" substation's consumers with
the reserve supply of electricity. The project is scheduled to finish
in 2019. -0-
http://arka.am/en/news/economy/adb_to_provide_armenia_with_37_million_loan_/#sthash.ZAgVKD6h.dpuf
From: Baghdasarian
YEREVAN, September 5. / ARKA /. On September 5, in the Ministry of
Energy and Natural Resources was signed the loan Agreement on «Power
Transmission rehabilitation Project», between the Republic of Armenia
and the Asian Development Bank.
On behalf of the Republic of Armenia the Agreement was signed by the
Minister of Energy and Natural Resources of the Republic of Armenia
Mr. Ervand Zakharyan, and on behalf of the Asian Development Bank the
Agreement was signed by the Resident Representative in Armenia Mr.
David Dole.
At a time, there was signed the Power Transmission rehabilitation
Project Agreement between the Asian Development Bank, `High Voltage
Electric Networks' company and `Electro Power Systems Operator'
company.
The Asian Development Bank intends to provide the Republic of Armenia
(Borrower) over 37 million dollars loan funds (25-year repayment term,
including a 5 year preferential period and the annual interest rate of
2%).
The Program will be implemented by `Electro Power Systems Operator'
CJSC and "High Voltage Electric Networks" CJSC.
The loan program will contribute to increase the countrie's energy
security and the reliability of electricity supply to consumers, as
well as the development of the mutually beneficial regional
cooperation in the energy sector.
The program envisages to expand SCADA and energy management systems of
control and data acquisition, as well as to rebuild the 220 kV
"Agarak-2" and "Shinuhayr" substations.
For the making of already embedded SCADA system completely operating
and more effective, it is scheduled to install about 200 km of
additional optics-fiber cable, significantly to increase the number of
users of SCADA system, to modernize the existing software package and
to create inter-server data exchange opportunity with SCADA systems of
neighboring.
During the previous years, the ''Shinuhayr" 220 kV substation has been
partially rebuilt and the 220 kV voltage primary equipments of the
substation have been replaced.
Within the frame of this program, there will be replaced the secondary
chains and relаy protection and automation outdated installations,
which do not comply with the requirements of reliable and safely
electricity transmission.
It is intended to install an additional 220/110 kV auto-transformator
in "Agarak 2" substation, which is directly connected to the Iranian
230 kV network, that will create a connection between the 220 and 110
kV transmission lines in the current sector of the energy system and
enable to provide the 110 kV "Agarak 1" substation's consumers with
the reserve supply of electricity. The project is scheduled to finish
in 2019. -0-
http://arka.am/en/news/economy/adb_to_provide_armenia_with_37_million_loan_/#sthash.ZAgVKD6h.dpuf
From: Baghdasarian