ArmenPress
Nov 18 2004

AEN RECONSTRUCTION TENDER RESULTS TO BE ANNOUNCED NEXT MARCH

YEREVAN, NOVEMBER 18, ARMENPRESS: A senior official of
EnergoInvest company told Armenpress that an international tender
announced for choosing a sub-contractor company for carrying out a
$38 million worth reconstruction project of Armenian Electricity
Networks (AEN) will be wrapped up in 2005 March.
The $38 million worth credit was provided by the Japanese Agency
for International Cooperation for upgrading thirty-three 110 kilowatt
capacity sub-stations in Armenia and supplying 150,000 bi-phase
electricity meters for insecure families.
Japanese Sitomo Corporation, "Mizzu and Co, German Siemens AG and
"Arevaenergy Technic GMBA and Italian "Ittocho Corporation, which
have qualified for the tender will have to present their proposals
before February 1, 2005.
The loan is provided for a 30 year repayment period and 1.8
percent interest rate.