YEREVAN. – The Armenian authorities will help reduce the debt burden of electricity producers.

The Minister of Energy and Natural Resources of Armenia, Yervand Zakharyan, said the abovementioned at a press conference on Thursday.

Due to several problems in the country’s electrical energy system after 2013 and 2014, the electricity generating companies had to take loans.

“Work was carried out with World Bank to restructure these loans and passing to long-term repayment with a low interest rate,” the minister added.