YEREVAN. – The Government of Armenia approved a World Bank (WB) loan program worth $52 million.

The amount will be used for the major overhaul of the Ashnak electricity substation in the Aragatsotn Province, and the electricity substation of Yerevan Thermal Power Plant in the capital city.

The Government will provide $17.16 million, for its part, for these projects.

The WB loan program also envisages the construction of a reserve dispatch center, which will reduce the risks of emergency power outages and relevant deficiencies in Armenia.