OECF (The Overseas Economic Corporation Fund,
The loan agreement was signed at OECF head office in
Objectives and Outline of the Project
By constructing a power transmission and distribution network covering the entire national territory of Armenia (upgrading of substations and load-dispatching offices, improvement of communication equipment and rehabilitation of transmission and distribution network) as well as the installation of consumption meters, this project will improve the stability and reliability of power supply. Moreover, by aiming to reduce power transmission losses and increase the power charges collection rate, the project aims to strengthen the management foundation of the power transmission and distribution companies and improve
The proceeds of the loan will be used for civil works, procurement of required electricity transmission equipment and consulting services (construction supervision, etc.).
This is a co-financing project with the World Bank.