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AEN reconstruction tender results to be announced next March

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  • AEN reconstruction tender results to be announced next March

    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.
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