Germany to allocate 6m euro to Armenia for reconstruction of power stations

Public Television of Armenia, Yerevan
26 May 04

[Presenter] As a result of the two-day (25-26 May) working session
of the Armenian-German financial and technical cooperation it was
confirmed that Germany will allocate Armenia a grant of 6m euros in
July. This financial aid will be channelled to the reconstruction
of small hydroelectric power stations. During the 11 months of the
Armenian-German cooperation programmes the Germans assisted Armenia
with more than 150m euros.

[Correspondent over video of meeting] A protocol adopted during the
two-day interparliamentary session of the Armenian-German financial
and technical cooperation, confirmed and signed over some champagne,
was headed by Armenian Finance and Economy Minister Vardan Khachatryan
and the head of Transcaucasus and Middle Asia Department of Germany
Ministry of Economic Cooperation and Development, Wolfgang Armbruster.

[Wolfgang Armbruster, captioned, in Germany with Armenian voice
over] Our cooperation is within the framework of the economic
reforms achieved by the Armenian government. These are water supply,
reconstruction of small hydroelectric power stations, assistance to
the communities, health programmes, etc.

[Correspondent] The finance and economy minister said that all the
programmes have been discussed one by one. There is a problem in the
water supply system which is being resolved in Armavir town and also
10 communities. Noragung company is implementing the programme.

Similar programmes will be implemented in Lori and Shirak
Regions. Among the republic’s regions, Armavir is the first which
will have a 24-hour quality water supply system. Lori and Shirak will
follow after Armavir this year.

An additional programme on the reconstruction of small hydroelectric
power stations will be confirmed in Bonn in July.

The next interparliamentary negotiations will be held in Bonn, in
the spring of 2005.

Susan Badalyan, “Aylur”.