Tuesday, July 19 2016 16:03
Naira Badalian

Agreement signed on construction of new substation of Yerevan TPP

Agreement signed on construction of new substation of Yerevan TPP

ArmInfo. Within the World Bank's loan program on the Electricity Transmission Network Improvement Project (ETNIP) for Armenia an agreement has been signed on 
construction of a new substation of the Yerevan Thermal Power Plant with a capacity of 220 kW. AB SUBSTATIONS AND COBRA INSTALACIONES Y SERVICIOS. A (Sweden/Spain) is the general contractor of the project. 

The press-service of the Ministry of Energy and Natural Resources of Armenia has told ArmInfo, that the general contractor was chosen based on an international tender. The program envisages construction of a new substation of Yerevan Thermal Power Plant with a capacity of 220kW. The cost of the agreement is 11.3 mln USD, 4.7 mln EUR and 6.9 mln Swedish krona. It is planned to finish the construction within 17 months. 

To note, the Electricity Transmission Network Improvement Project (ETNIP) for Armenia is estimated at 69.16 mln USD, the World Bank will provide US$52 million loan, the Armenian government will allocate the rest sum. The loan will be provided via International Bank for Reconstruction and Development with a 14.5-year grace period and the total repayment term of 25 years. The first of the stations 
Ashnak substation was commissioned in 1983 and has undergone no major rehabilitation since then. It serves around 120 thousand consumers- population and enterprises. Rehabilitation of the substation of the Yerevan Thermal Power Center (YTPC), which accounts for 20 percent of total annual electricity generation in Armenia will help reduce the incidence of equipment failures.  The substation was commissioned in 1965, and has not been rehabilitated since then. Therefore, it is 
essential for ensuring adequate and low-cost electricity supply to all of the 1,040,000 electricity consumers in the country. Under the second component - improvement of the power system management - establishment of a back-up dispatch center is envisaged which will allow improving the management of the power system.


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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000