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Vuje To Build 15 Small Hydropower Plants In NKR

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  • Vuje To Build 15 Small Hydropower Plants In NKR

    VUJE TO BUILD 15 SMALL HYDROPOWER PLANTS IN NKR

    Noyan Tapan
    Jan 22, 2008

    YEREVAN, JANUARY 22, NOYAN TAPAN. VUJE company specialized in
    construction of energy facilities will build 15 small hydropowere
    plants in the Nagorno Karabakh Republic. The chairman of the
    Representation of Armenian Organizations in Europe Ashot Grigorian
    said at the January 22 press conference that the agreement on it
    was reached during a recent meeting of the delegation of the NKR
    and that of the Slovak Republic that came on a three-day visit
    to Armenia. According to him, VUJE's representatives will visit
    Artsakh in February-March in order to familiarize themselves with
    the conditions of construction work on the spot. In his words, VUJE
    is one of the first European companies to express readiness to make
    investments in Artsakh. A. Grigorian announced that the company also
    intends to build two small hydropower plants in Armenia.

    The executive director of VUJE Milan Ferenc indicated the availability
    of good opportunities for implementation of the company's future
    programs in Armenia.

    A. Grigorian said that Eximbank (Slovak Republic) intends to provide
    credits of 30-50 million euros to Armenia. According to him, these
    credits will carry an average interest rate of 6-9% with repayment
    period of 5-10 years and will be used for promotion of the export of
    Slovakian goods to Armenia.

    It was stated that during the meeting of delegation members and
    the Armenian defence minister, the sides agreed to sign soon an
    agreement on military cooperation between the Republic of Armenia
    and the Slovak Republic.

    A. Grigorian said that the head of the delegation, former prime
    minister of Slovakia, chairman of the Slovakian-Russian Union Yan
    Carnogursky stated the "the Christian world must show activity in the
    issue of Artsakh as well". By the way, he made a great contribution
    to adoption of the resolution on recognition of the Armenian Genocide
    by the Slovakian parliament.
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