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83 mln. Euro loan was extended to Armenia

On December 11, Loan and Project Agreement at the extent of 83 mln euro was signed among the Minister of Finance of the RoA Mr. Gagik Khachatryan, Head of Energy Division of KfW Development Bank Mr. Jan Blum and the General Director of “High Voltage Electric Networks” CJSC Mr. Aram Ananyan for the second stage of “Caucasus Transmission Networks – III” (Project phase 2).

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CESI S.P.A and INCICO S.P.A. joint venture will render consultancy services

On November 18, a Contract for rendering the Consultancy Services was signed between “High Voltage Electric Networks” CJSC and CESI S.P.A (Italy) and INCICO S.P.A. (Italy) JV. The contract was signed by HVEN CJSC General Director Mr. Aram Ananyan and Italian Joint Venture representative Mr. Andrea Meola.

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