armenpress: KFW BANK TO GIVE 4.7 MILLION EUROS FOR RECONSTRUCTION OF ALAVERDI SUB-STATION

YEREVAN, APRIL 5, ARMENPRESS: Armenian finance and economy minister Vartan Khachatrian and Germany’s ambassador Hans Wulf-Bartels signed today an agreement by which the German KFW bank will allocate a 4.7 million euro credit for reconstruction of a major power sub-station in the northern Armenian town of Alaverdi to ensure a better transmission of Armenia-generated electricity to neighboring Georgia.
A KFW representative in Armenia, Karapet Gevorkian, recalled that KFW had already released loans for major reconstruction of two other major sub-stations in Vanadzor and Kamo.