WB loan to be spent on modernizing three electric power substations 

ArmInfo. The World Bank, through the International Bank for Reconstruction and Development, will provide Armenia with a $40 million loan to support the Enabling the Energy Transition project, which will facilitate the  implementation of the country's Energy Sector Development Strategy  until 2040. The Committee on Financial, Credit and Budgetary Affairs  of the National Assembly of the Republic of Armenia approved the  corresponding agreement with the IBRD at a meeting on January 13.

As Deputy Minister of Territorial Administration and Infrastructure  of the Republic of Armenia Kristine Galechyan noted in her speech,  the agreement was signed on August 6 and 8, 2024. The credit  resources will be used to modernize the Shahumyan-2, Marash and  Yeghegnadzor substations, which are on the balance sheet of  High-Voltage Power Transmission Lines of Armenia CJSC. The  Shahumyan-2 substation, built in 1964, has a capacity of 250 MW. The  Marash substation, commissioned in 1978, has a capacity of 375 MW.  The Yeghegnadzor substation, with a capacity of 126 MVA, was built in  1966. The equipment at these substations has been in operation for  over 40 years. In particular, it is planned to upgrade relay  protection to modern microprocessor relays, as well as to carry out  restoration and construction work on reinforced concrete structures,  trenches and earthen supports.