A new strategy for the development of the Armenian energy sector for  2020-2040 is being developed

ArmInfo. The European Bank for Reconstruction and Development (EBRD) is interested in the implementation of energy programs in Armenia. This was announced by Managing Director of the EBRD in Eastern Europe and the Caucasus  Matteo Patrone at the meeting with First Deputy Minister of Energy  Infrastructures and Natural Resources of the Republic of Armenia  Garegin Bagramyan yesterday.

According to the press service of the Ministry of Energy  Infrastructures and Natural Resources, during the meeting, Matteo  Patrone presented the Bank's priorities for 2019. The interlocutors  discussed the Masrik-1 solar power station construction program and  the expected investments, as well as the projects implemented in High  Voltage Power Lines CJSC. Matteo Patrone stressed that the EBRD is  ready to assist in the development of the energy sector of Armenia,  both infrastructures and renewable energy and energy efficiency.

Garegin Baghramyan stressed that a new energy development strategy of  the country for 2020-2040 is currently being developed, in which all  areas of development of the system will find their place, and in this  context, conditions will be created for the new cooperation between  Armenia and the EBRD.