News

Future activities were discussed with representatives of the World Bank Armenia office

A meeting was held at the High Voltage Electric Networks Company with Fabrizio Zarcone, Director of the World Bank Armenia Office, and representatives of the bank.

Acting General Director of High Voltage Electric Networks CJSC, Hayk Hayrapetyan, welcomed the guests and emphasized the importance of cooperation with the World Bank from the perspective of developing energy infrastructure and enhancing the reliability of the power system.

For his part, Fabrizio Zarcone, Head of the World Bank Armenia Office, highlighted the long-standing experience of cooperation with High Voltage Electric Networks and noted that there is significant potential for further joint efforts.

During the meeting, the parties discussed the programs currently being implemented with World Bank financing, the upcoming priorities, and reached a number of agreements.

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Credit and grant programs

Caucasus Transmission Network I-III (Armenia-Georgia Transmission Line/Substations) Project, financed by KfW Bank

“ Electricity Transmission Network Improvement’’ Loan Project Reconstruction of 220/110/6 kV «Ararat-2» substation

“Electricity Supply Reliability Project - Additional financing” LoanProject Reconstruction of “Vanadzor-1”, “ Charentsavan-3 ” “Zovuni” substations

“Construction of Iran-Armenia 400kV Power Transmission Line and Related Substation” (400/220/20kV «Noravan»)» Project

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