{"id":82324,"date":"2014-12-09T13:35:14","date_gmt":"2014-12-09T13:35:14","guid":{"rendered":"https:\/\/armbanks.am\/2014\/12\/09\/241949\/"},"modified":"2024-12-15T13:15:00","modified_gmt":"2024-12-15T13:15:00","slug":"german-kfw-bank-to-provide-armenia-with-85-2-million-euro-loan-for-first-phase-of-caucasus-power-lines-i-project","status":"publish","type":"post","link":"https:\/\/armbanks.am\/en\/2014\/12\/09\/82324\/","title":{"rendered":"German KfW Bank to provide Armenia with $85.2 million euro loan for first phase of Caucasus Power Lines I project"},"content":{"rendered":"<p><strong>YEREVAN, December 9. \/ ARKA \/.<\/strong> The German KfW bank will provide Armenia with $85.2 million euro loan for the first phase of the Caucasus Power Lines I project, the Armenian ministry of finance said today.<\/p>\n<p>It said an agreement to that end was signed by Armenian finance minister Gagik Khachatryan,\u00a0 the head of\u00a0 KfW\u2019s Energy\u00a0 Department Ian Blum and the head of Armenian High-Voltage Electrical Networks company\u00a0 Aram Ananyan.<\/p>\n<p>The ministry said 75 million euros will be provided by KfW and 10.2 million euros by the German government.<\/p>\n<p>The project is designed to unite Armenian and Georgian energy systems by building a high-voltage direct current ( HVDC) line in Armenian Ayrum,o n the border with Georgia. Due to the to-be-built\u00a0 new substation and transmission line, Armenian and Georgian power grids\u00a0 will work in the same mode allowing electricity swaps.<\/p>\n<p>The total cost of the first phase of the project\u00a0 105.2 million euros. This phase is co-financed by the European Investment Bank ($10 million euro loan) and the EU Neighbourhood Investment (a $10 million euro grant).<\/p>\n<p>The German KfW bank has been assisting Armenia in the implementation of various projects since 1995.<\/p>\n<p>Its representation opened in the country in 1998. KfW \u2018s activities in Armenia are focused on energy, water,\u00a0 financial and banking systems as well as private sector.<\/p>\n<p>In 2012, Armenia and Georgia started the construction of a 400 kV power line that will link the Marneuli substation in Georgia with Hrazdan hydroelectric power station in Armenia. The new power transmission line will be used to ship Georgia-generated electricity to Iran via Armenia.-0-<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The German KfW bank will provide Armenia with $85.2 million euro loan for the first phase of the Caucasus Power Lines I project, the Armenian ministry of finance said today<\/p>\n","protected":false},"author":1,"featured_media":157800,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","tstyn_error":""},"categories":[9214,9216],"tags":[15837,15690,12294],"class_list":{"0":"post-82324","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-banks-en-en","8":"category-news","9":"tag-armenia-2","10":"tag-kfw-2","11":"tag-loan"},"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/82324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/comments?post=82324"}],"version-history":[{"count":0,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/posts\/82324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media\/157800"}],"wp:attachment":[{"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/media?parent=82324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/categories?post=82324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/armbanks.am\/en\/wp-json\/wp\/v2\/tags?post=82324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}