YEREVAN. – The Government of Armenia has approved the loan agreement with the Asian Development Bank (ADB).
The Electricity Distribution Networks’ Reconstruction Plan was signed on September 5.
Energy and Natural Resources Minister Yervand Zakharyan announced, at Wednesday’s Cabinet meeting, that a $37 million loan will be provided at reduced rates, and that the electronic control system of the SCADA electrical power distribution network will be expanded.
Within the framework of the aforesaid project, two substations are planned to be rebuilt in southern Armenia. The project is scheduled for completion by 2019.