  Ameriabank to attach new funds for small hydropower plants September 7, 2010 - 12:15 AMT PanARMENIAN.Net - As a part of the program implemented by the International Financial Corporation (IFC) and FMO/DEG consortium, Ameriabank CJSC has approved 10 loan applications for financing of small hydropower plants at the amount of $25 million. “Loans are provided for a 8-year term, with 3 years grace period and 11% interest rate,” Ameriabank CEO Artak Hanesyan told a PanARMENIAN.Net reporter. He informed that the bank has pending projects for implementation of which additional funds will be attracted. “In the near future, we will sign an agreement for participation in renewable energy program of the German-Armenian Fund,” Hanesyan said, adding that Ameriabank and Cascade Bank have already rendered financial assistance to 27 small hydropower plants.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva: Armenia's leading technology company introduces a new trademark  The updated brand Viva reflects a qualitatively new level of digital services.Turkey restoring 500-year-old Surp Sarkis Armenian Church During the program, Sahak Maşalyan, the Patriarch of Türkiye's Armenians, inspected the historic church and offered prayers.BSEC Secretary General due in Armenia on July 1 On July 1, the Secretary General of the Black Sea Economic Cooperation Organization (BSEC) Lazar Comanescu will pay a working visit to Armenia.Armenia win 3 gold medals at European Junior Boxing Championships Armenia has three world champions after the European Junior Boxing Championships held in Sarajevo over the past week. |
