YEREVAN. – The EU will allocate 15 million euro for energy efficiency and renewable energy in Armenia this year, Traian Hristea, head of the European Union delegation to Armenia, told reporters on Monday in Yerevan.
He reminded that the European Union was one of the very first international financial institutions to support the energy sector of Armenia, by providing assistance for the Armenian nuclear power plant as early as in 1996.
Since 2003, the EU has been supporting renewables in Armenia, and, inter alia, provided 2.6 million euros to rehabilitate the Vorotan cascade of hydro power plants, Armenian state property at the time.
Since 2012, through the Innogate technical assistance program, the EU has provided considerable technical assistance and policy advice, mainly ad hoc consultation on energy policy and statistics.
