Wednesday, April 5 2017 15:54
Alexandr Avanesov

Minister: Process of selecting contractor for the construction of Armenia-Georgia high-voltage power transmission line continues in Armenia

Minister: Process of selecting contractor for the construction of Armenia-Georgia high-voltage power transmission line continues in Armenia

ArmInfo. The process of selecting a contractor for the construction of a high-voltage power transmission line Armenia-Georgia continues in Armenia. This was stated by the Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Ashot Manukyan during the meeting with the delegation of the German bank KfW headed by the head of the energy department of the KfW bank Thomas Aigenbach on April 5.

According to him, the press service of the ministry cites, the selection of the contractor will be made on the basis of the previously announced international tender. The Minister expressed hope that the results of the contest will be known in a timely manner, which will make it possible to start the project at the end of this year.

As ArmInfo reported earlier, the consultant of the construction project of the power transmission line Armenia-Georgia - the company "Fichtner GmbH & Co. KG" has prepared a tender package for the selection of the general contractor. The project itself is planned to be implemented in three stages. Sources of funding for the first two stages are already known. Within the first two stages, it is planned to build the power transmission line itself with a voltage of 400 kilovolts and two DC substations in Ddmashen and Ayrum, which will allow starting work with the power system of Georgia in asynchronous regime. Prior to this, the impact of the project on the environment and social impact was assessed. This work is planned to be completed before the end of 2017, after which construction work will begin. Within the framework of the project it is planned to unite the power systems of Armenia and Georgia, which will promote the development of mutually beneficial regional cooperation within the framework of the created energy corridor Iran-Armenia-Georgia-Russia. The preliminary cost of the program, according to the company FICHTNER will be 326.9 million EUR, 10% of which is part of the contribution of Georgia. At the first stage, it is planned to build a conversion substation in Ayrum and a 500 kilovolt air line 8 km long towards Georgia. The second stage involves the construction of a 400-kilovolt electrical substation with a single transformer near the village of Ddmashen and a 400-kilovolt air line, which will make it possible to exchange 350 megawatts of electricity. The first two stages of the program are estimated at 188.2 million EUR. Sources of the necessary funds for their financing have already been determined. To this end, in 2014-2015, three loan agreements were signed. In particular, 168 million EUR were allocated by the German bank KfW as a loan, the European Investment Bank provided another 10 million EUR. It is expected to receive another 10 million EUR in the form of a grant from the European Commission. The first two stages of the program are envisaged to be implemented in parallel regimes. The works are carried out in accordance with the established schedule, according to which construction works will begin in late 2017 and will be completed by the end of 2019.

POST A COMMENT
Input digits     


News
Armenia in the global financial and economic map, where to start?   Armenia in the global financial and economic map, where to start?  
Armenian government to allocate 1 billion dram for tourism development in  2023Armenian government to allocate 1 billion dram for tourism development in  2023
PM: Enormous work has been done towards formation of EAEU single  gas market PM: Enormous work has been done towards formation of EAEU single  gas market 
“I considered myself successful, when I came back to my village and established the first business”, Chef Yura Sargsyan“I considered myself successful, when I came back to my village and established the first business”, Chef Yura Sargsyan
EDB Macroeconomic Review on global economic developments: Soaring  inflation and skyrocketing interest rates are nearing their end EDB Macroeconomic Review on global economic developments: Soaring  inflation and skyrocketing interest rates are nearing their end 
EDB: Service sector remains main driver of economic growth in ArmeniaEDB: Service sector remains main driver of economic growth in Armenia
About 160,000 tourists visit Armenia in JanuaryAbout 160,000 tourists visit Armenia in January
Ameriabank provides business loans totaling over AMD 14 billion to  renewable energy sectorAmeriabank provides business loans totaling over AMD 14 billion to  renewable energy sector
Nikol Pashinyan instructs to develop mechanisms for investors to  fully fulfill their obligationsNikol Pashinyan instructs to develop mechanisms for investors to  fully fulfill their obligations
Armenia, Germany discuss issues of expanding trade and economic  relationsArmenia, Germany discuss issues of expanding trade and economic  relations
Pashinyan-led government has nothing in common with economic growth -  Suren ParsyanPashinyan-led government has nothing in common with economic growth -  Suren Parsyan
EBRD, Central Bank sign Memorandum to support  CBA in Digital  Transformation of Financial Market Infrastructure in ArmeniaEBRD, Central Bank sign Memorandum to support  CBA in Digital  Transformation of Financial Market Infrastructure in Armenia
Employed citizens to not pay for health insurance of non-employed  citizens: Health Minister Employed citizens to not pay for health insurance of non-employed  citizens: Health Minister 
Plastic bank card blank seller tries to break into analytics market  with analytics stolen from ArmInfoPlastic bank card blank seller tries to break into analytics market  with analytics stolen from ArmInfo
Armenian Picsart enters TOP-20 best apps in  world according to  data.aiArmenian Picsart enters TOP-20 best apps in  world according to  data.ai
Armenian Finance Ministry, WB representatives outline future joint  projectsArmenian Finance Ministry, WB representatives outline future joint  projects
Ambassador Anne Louyot: France is ready to continue assisting Armenia in implementation of both short-term programs and long-term strategic reformsAmbassador Anne Louyot: France is ready to continue assisting Armenia in implementation of both short-term programs and long-term strategic reforms
EEC: Industrial cooperation projects of EAEU may be launched no  earlier than  2024EEC: Industrial cooperation projects of EAEU may be launched no  earlier than  2024
Armenia is interested in reaching early consensus on project to form common EAEU gas marketArmenia is interested in reaching early consensus on project to form common EAEU gas market
Health insurance in Armenia will turn into a monster - Tigran  JrbashyanHealth insurance in Armenia will turn into a monster - Tigran  Jrbashyan
In Jany-Nov 2022, trade turnover between Armenia and EAEU states  increased by more than 90% - PashinyanIn Jany-Nov 2022, trade turnover between Armenia and EAEU states  increased by more than 90% - Pashinyan
Armenia`s IT sector records growth of over 50% in 2022Armenia`s IT sector records growth of over 50% in 2022
Armenia`s minister of economy participates in meeting of the  ministers of economy of EAEU member- states Armenia`s minister of economy participates in meeting of the  ministers of economy of EAEU member- states 
Converse Bank receives its second award this yearConverse Bank receives its second award this year
CBA continues to increase countercyclical capital buffer, supporting  banking sector`s resilience to systemic risksCBA continues to increase countercyclical capital buffer, supporting  banking sector`s resilience to systemic risks
AMD 14bln to be allocated to Armenia`s textile industry AMD 14bln to be allocated to Armenia`s textile industry 
Documentary credit system of payments to developers could be  introduced in Armenia Documentary credit system of payments to developers could be  introduced in Armenia 
Seven Armenian regions to get AMD 1bln under subvention programmes Seven Armenian regions to get AMD 1bln under subvention programmes 
FLYONE ARMENIA airline making promotional offer FLYONE ARMENIA airline making promotional offer 
Possibilities of expanding cooperation in energy and transport  between Armenia, Iran discuss in TehranPossibilities of expanding cooperation in energy and transport  between Armenia, Iran discuss in Tehran
CBA: From H2 2023, inflation will gradually approach targeted 4% in  ArmeniaCBA: From H2 2023, inflation will gradually approach targeted 4% in  Armenia
CBA Head: Inflationary pressure to soften in 2023CBA Head: Inflationary pressure to soften in 2023
Central Bank: Volume of deposits of non-residents in Armenian banks  almost doubled in 2022Central Bank: Volume of deposits of non-residents in Armenian banks  almost doubled in 2022
Martin Galstyan: there is one commonality for all regulators today -  no one knows how to regulate the cryptosector wellMartin Galstyan: there is one commonality for all regulators today -  no one knows how to regulate the cryptosector well
Central Bank is considering possibility of increasing countercyclical  capital buffer by 0.5%Central Bank is considering possibility of increasing countercyclical  capital buffer by 0.5%
Central Bank of Armenia maintains its forecast for 2023 on GDP growth  at 4.6%Central Bank of Armenia maintains its forecast for 2023 on GDP growth  at 4.6%
Armenia`s gross international reserves set a new record of $4.112  billion by 2023Armenia`s gross international reserves set a new record of $4.112  billion by 2023
Health insurance in Armenia: Why does social justice contradict  social solidarity in Health Ministry`s compulsory health insurance  concept and what are risks of State Fund control ?Health insurance in Armenia: Why does social justice contradict  social solidarity in Health Ministry`s compulsory health insurance  concept and what are risks of State Fund control ?
Common Aviation Area Agreement between EU and Armenia enters into  forceCommon Aviation Area Agreement between EU and Armenia enters into  force
Armenia`s CB leaves refinancing rate unchanged Armenia`s CB leaves refinancing rate unchanged 
Nikol Pashinyan to take part in EIC meeting in AlmatyNikol Pashinyan to take part in EIC meeting in Almaty
Armenia`s financial authorities continue loan market dedollarization Armenia`s financial authorities continue loan market dedollarization 
60 Armenian IT companies among Armenia`s 1,000 major taxpayers 60 Armenian IT companies among Armenia`s 1,000 major taxpayers 
Armenia`s minister of economy meets with BostonGene company reps Armenia`s minister of economy meets with BostonGene company reps 
Ameriabank leads Armenian mortgage marketAmeriabank leads Armenian mortgage market
Global Finance: Converse Bank is Armenia`s leading bank in Trade FinanceGlobal Finance: Converse Bank is Armenia`s leading bank in Trade Finance
Expert forecasts that growth of business activity in Armenian economy  to reach 7% this year Expert forecasts that growth of business activity in Armenian economy  to reach 7% this year 
Wizz Air to start operating flights to 4 new routesWizz Air to start operating flights to 4 new routes
ZCMC paid unprecedented taxes in 2022, exceeding the figure of the previous year by almost two and a half times.ZCMC paid unprecedented taxes in 2022, exceeding the figure of the previous year by almost two and a half times.
Armenian NPP comments on Azerbaijani Human Rights Commissioner`s call Armenian NPP comments on Azerbaijani Human Rights Commissioner`s call 
Armenia`s IT sector rapidly developing - reps Armenia`s IT sector rapidly developing - reps 
Armenia, Qatar discuss opportunities for investment cooperation Armenia, Qatar discuss opportunities for investment cooperation 
44,929 more officially registered jobs in Armenia as against last  year44,929 more officially registered jobs in Armenia as against last  year
Italian businesses interested in Armenia`s investment environment Italian businesses interested in Armenia`s investment environment 
Vahan Kerobyan raises Artsakh issue at Global Forum on Food and  Agriculture in BerlinVahan Kerobyan raises Artsakh issue at Global Forum on Food and  Agriculture in Berlin
Corporacion America  CEO expresses readiness to increase investments  in ArmeniaCorporacion America  CEO expresses readiness to increase investments  in Armenia
Loss ratio in CMPTL market decreased from 79% to 66% in 2022 Loss ratio in CMPTL market decreased from 79% to 66% in 2022 
Armenian banks record 3-fold growth in net profit in 2022Armenian banks record 3-fold growth in net profit in 2022
Expert: The development of the cryptosector in Armenia is the key to the involvement of new players, the growth of the tax base and jobs   Expert: The development of the cryptosector in Armenia is the key to the involvement of new players, the growth of the tax base and jobs  
901 transactions to amount of over AMD 56bln effected under economic  modernization programme in 2022901 transactions to amount of over AMD 56bln effected under economic  modernization programme in 2022
Read more


Exchange rates
08.02.2023
RUB5.53-0.06
USD395.900.02
EUR425.391.28
GBP478.763.90
CAD295.980.99
JPY30.270.27
CNY58.430.18
CHF430.653.23