AGREEMENT SIGNED ON ALLOCATION OF 3.1 MLN DOLLAR WB GRANT TO ARMENIA
YEREVAN, APRIL 28, NOYAN TAPAN. The World Bank-managed Globar
Partnership for Effective Assistance Fund has allocated a 3.1
mln-dollar grant for the implementation of the city heating program in
Armenia. The agreement on allocation of the indicated grant was signed
by representatives of the World Bank and the RA Renewable Energy and
Energy Saving Fund in Yerevan on April 28.
Following the signing ceremony, the fund’s director Tamara Babayan
told reporters that the sum will be used to deal with heating problems
of the Armenian vulnerable groups, particularly to purchase gas stoves
and connect apartments to the gas network and the boiler system of a
residential district. It is envisaged that the program will cover 8
thousand families. To recap, out of 15 mln dollars provided by the WB
for the program’s implementation last year, 3 mln dollars was
allocated for this purpose.