EIB Lends 10 Million Euros to Construct High Voltage Connection Between Armenia and Georgia

17:34, March 16, 2015

The European Investment Bank (EIB) is lending EUR 10 million to finance the construction of an electricity transmission line and a high voltage direct current station to develop a link between Armenia and Georgia. The new electricity infrastructure will deepen regional integration by facilitating energy trade between the two countries and provide Armenia and Georgia with better access to European electricity markets. 

The project consists of the construction of a new back-to-back station in Ayrum (Armenia) close to the Georgian border and a power transmission line linking the two countries. It is designed to providesecure and economically efficient coverage of the growing electricity demand.   Read more... (565 words)

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