Conditions & Terms of International Tender on “Alaverdi-2” TBD

SOON CONDITIONS AND TERMS OF INTERNATIONAL TENDER ON “ALAVERDI-2”
SUBSTATION RELAUNCHING TO BE DECIDED

YEREVAN, August 23 (Noyan Tapan). The conditions and terms of the
international tender to carry out the relaunching of the high-voltage
“Alaverdi-2” substation will be decided during this week. Sahak
Abrahamian, Director of the “High-Voltage Electric Networks” company,
told NT correspondent the delay of the tender, which was initially
scheduled for May, will not affect the terms of the program
implementation. It should be noted that the KfW Bank (Germany)
provided Armenia with the loan of 4.7 mln euros with the purpose of
implementing “Regional System of Electrical Energy Transference
between Armenia and Georgia” (Alaverdi-2) program. 4.2 mln euros saved
from the loan provided by the same bank in 2001 for the reconstruction
of “Vanadzor” and “Kamo-2” high-voltage substations will also be
allocated to repair the “Alaverdi-2” substation.