YEREVAN, MARCH 29, ARMENPRESS: The International Energy Corporation (IEC), a Yerevan-based subsidiary of the Russian RAO UES, said it is now negotiating a 20 million euro credit from German KFW bank, which it wants for a major reconstruction of Yerevan-1 hydro power plant, one in a chain of small hydro power plants, known as Sevan-Hrazdan cascade. The IEC said negotiations are in the final stage.
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