DEPUTY MINISTER OF ENERGY DOES NOT RULE OUT POSSIBILITY OF NEW TENDER FOR REPAIRS OF 33 SUBSTATIONS

YEREVAN, MAY 18, NOYAN TAPAN. The results of the tender for repairs of
33 substations with the capacity of 110 kw will be submitted on May
18 to the Management Council of the Ministry of Energy. According to
RA Deputy Minister of Energy Ara Simonian, in the order prescribed,
the tender results shall be discussed at the Management Council, after
which they shall be submitted to the Japanese Bank of International
Cooperation which is financing the program. An agreement will be
signed after the results have been approved by both the Council
and the Bank. A. Simonian confirmed the information that only
the German company Siemens has participated in the tender and its
proposal exceeds the costs envisaged by the program. (NT: The program
envisages to provide 30 mln USD to carry out the repair work, whereas
Siemens offered 50 mln USD). The deputy minister did not rule out
the possibility of holding a new tender, as well as the program’s
additional financing by the Armenian government or the beneficiary.