ArmInfo. In Armenia, works began on upgrading the electric substation "Akhtanak", "Charentsavan -3" and "Vanadzor-1." This was reported by the press service of the Ministry of Energy Infrastructures and Natural Resources of the Republic of Armenia.
According to the source, the projects are being implemented with credit resources from the International Bank for Reconstruction and Development. Within the framework of the program, construction work on the reconstruction of the electric substation "Akhtanak" in 220 kV was started. The process of modernization of the electric substations Charentsavan-3 in 110 kV and Vanadzor-1 in 110 kV is at the stage of preparation for construction works.
Vardan Martirosyan, the head of the credit and grant programs department of the Ministry of Energy Infrastructures and Natural Resources of the Republic of Armenia, said that the main goal of the program is to increase the reliability and throughput of the electricity sector, and reduce losses in the system. Recall that following the results of the international tender, agreements were signed with companies that became general contractors of projects. Thus, Kaskad-Energo LLC modernizes the substation Akhtanak, EFACEC Engenharia e Sistemas, S.A - the Charentsavan -3 substation and the company Xian Electric Engineering Co., Ltd. - the substation Vanadzor - 1. "Consultations on all three projects are carried out by the German company .The entire program is planned to be completed by the end of 2018.
As ArmInfo reported earlier, on November 13, 2014, the Board of Directors of the World Bank approved a $ 40 million credit program aimed at the modernization of three electric substations - Akhtanak, Charentsavan -3 and Vanadzor-1. The total cost of the program is $ 50 million, of which $ 10 million will be provided by the Armenian government. The funds of $ 40 million were provided through the WB structure in the person of the International Bank for Reconstruction and Development with a maturity of 25 years, with a grace period for payments in the first 10 years and a floating interest rate.