1000х90.jpg (78 KB)

Time in Yerevan: 11:07,   28 March 2024

EBRD allots 1,9 € million for Yerevan energy-saving lighting network

EBRD allots 1,9 € million for Yerevan energy-saving lighting network

YEREVAN, OCTOBER 15, ARMENPRESS. The loan agreement "Municipal lighting project of Yerevan" will be signed between Yerevan, “Yerkaghluys” CJSC and the European Bank for Reconstruction and Development (EBRD) in the framework of which EBRD will allot 1 million 900 thousand euro  to Armenia from the Eastern Europe Energy Efficiency and Environment Partnership Fund.

“Armenpress” reports that the Government of the Republic of Armenia confirmed in October 15 sitting the issue introduced by Republic of Armenia Minister of Finance Gagik Khachatryan.  

The main aim of the program is to implement energy-saving and safe outdoor lighting network in Yerevan. It is particularly planned to replace pillars in 28 streets, lay cables underground, use energy-saving lamps, as well as to invest automated management system.

According to the agreement, the European Bank for Reconstruction and Development will allocate a loan of 4 million USD to Armenia. Capital cost of the project forms about $6 million.

The Eastern Europe Energy Efficiency and Environment Partnership Fund will provide Armenia with 1,9 € million funding.  








youtube

AIM banner Website Ad Banner.jpg (235 KB)

All news    


Digital-Card---250x295.jpg (26 KB)

12.png (9 KB)

About agency

Address: Armenia, 22 Saryan Street, Yerevan, 0002, Armenpress
Tel.: +374 11 539818
E-mail: [email protected]