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ARMENIA MIGHT GET EUR40 MLN GERMAN LOAN FOR ALTERNATIVE ENERGY
Interfax
Feb 20 2012
Russia
Germany might give Armenia a soft loan of EUR40 million for the
development of alternative energy, German Ambassador Hans-Jochen
Schmidt told reporters on Friday.
Germany could offer Armenia a loan on preferential terms in the amount
of EUR40 million that would be used for the development of alternative
energy, he said.
Schmidt also said that German international cooperation agency GIZ
has developed a program to protect Armenia's forests. There are
plans to lend Armenia EUR6 million through bank KfW for protection
of nature reserves.
Germany is active in providing financing for Armenia's energy sector,
particularly hydropower. Loans were extended for the construction
and repair of small hydropower plants, and a EUR51 million loan was
granted for the modernization of the Vorotan hydropower cascade.
Interfax
Feb 20 2012
Russia
Germany might give Armenia a soft loan of EUR40 million for the
development of alternative energy, German Ambassador Hans-Jochen
Schmidt told reporters on Friday.
Germany could offer Armenia a loan on preferential terms in the amount
of EUR40 million that would be used for the development of alternative
energy, he said.
Schmidt also said that German international cooperation agency GIZ
has developed a program to protect Armenia's forests. There are
plans to lend Armenia EUR6 million through bank KfW for protection
of nature reserves.
Germany is active in providing financing for Armenia's energy sector,
particularly hydropower. Loans were extended for the construction
and repair of small hydropower plants, and a EUR51 million loan was
granted for the modernization of the Vorotan hydropower cascade.