EBRD lends support to Electric Networks of Armenia
Photo by Piotr Swat / Shutterstock.com
The European Bank for Reconstruction and Development is providing a loan of USD 70 million, including a B-loan from the Netherlands Development Finance Company (FMO), to Electric Networks of Armenia (ENA), the country's sole electricity distribution company and long-standing client of the bank, the EBRD said in a statement Monday.
The funding will support the large-scale modernization of the power distribution network in Armenia. The Asian Development Bank (ADB) is co-financing this project with a USD 35 million loan.
The loan aims to strengthen ENA's distribution infrastructure, with a focus on the regions as well as the country's two largest cities, Yerevan and Gyumri, both of which are part of the EBRD Green Cities program.
MOL Shareholders Approve Dividend of Around HUF 250/Share
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Hungary's Largest ESG Consultancy Formed by Merger of EY, De...
Liz & Chain Rooftop Bar Debuts Sustainable Cocktails
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
