Special programme in Vayots Dzor: 2 schools will become energy independent

YEREVAN, 25 June. /ARKA/. In cooperation with Acba Bank, Hayastan All-Armenian Fund and UN World Food Programme, solar power plants will be installed on the roofs of two schools in Shati and Akhavnadzor communities of Vayots Dzor region. As a result, the schools will save AMD 5 million per year. Children from the first to the fourth grades will receive free meals at the expense of the saved funds.

The project is implemented with funds received from non-cash payments of Visa Charitable cardholders, which Acba Bank at its own expense sends to the special account of the Hayastan All-Armenian Fund.

“It is very important that children from school age see the results of the savings achieved through the introduction of the latest technologies. With this project, we will solve two problems in schools: schools will become energy-saving and a system of quality education will be formed in them. Studies conducted by the UN World Food Programme show that the higher the quality of children’s nutrition, the higher the quality of their education,” said Narek Asatryan, Head of Public Relations Department of Acba Bank.

Nana Skau, director of the UN World Food Programme office in Armenia, believes that solar power plants will help schools save and spend money on feeding schoolchildren.

“There is a lot of sunshine in Armenia and solar energy can help,” Skau said.

Head of the programmes department of the Hayastan All-Armenian Fund Zaruhi Aznauryan noted that this is a very good project carried out by the World Food Programme.

“The Fund, being an advocate of alternative energy and focusing on community development, was very happy to be part of this collaboration. The programme is implemented with funds generated from the transactions of Visa charity cardholders issued jointly by Acba Bank and Hayastan All-Armenian Foundation,” Aznauryan said.

The bank is controlled by the Central Bank of Armenia. -0-

spot_img

POPULAR

Unibank Issues AMD and USD Bonds with Annual Coupon Rates of 10.3% and 6%

Unibank has issued bonds denominated in AMD and USD, with annual coupon rates of 10.3% and 6%, respectively.

Exchange rates of the euro, ruble, and dollar against the Armenian dram have fallen – Central Bank of Armenia data

The average market exchange rate of the US dollar against the Armenian dram, established on Armenia's currency market, fell by 0.18 points to 363.34 drams on September 28, compared to September 25.

EDB expects Armenia’s GDP to grow by 6% in 2026 amid high economic activity

The Eurasian Development Bank (EDB) expects Armenia's GDP to increase by 6% in 2026, according to the bank's weekly macro-review.

Central Bank of Armenia has issued a warning regarding illegal activities of credit organization My Fin UCO

The Central Bank of Armenia has issued a warning to the public regarding a company operating on Facebook under the name "My Fin UCO," which offers lending services without the appropriate regulatory license.

Central Bank of Armenia and IMF Discuss Macroeconomic Situation and Financial System Reforms

A concluding meeting took place at the Central Bank of Armenia with an IMF delegation led by Mark Horton, the IMF mission chief for Armenia.

LATEST NEWS

spot_imgspot_imgspot_img