KfW German bank provided a 18-million euro credit and 1.5-million grant to the Central Bank of Armenia within Renewable Energy Aid crediting program. A relevant agreement was signed Monday between KfW first vice-president Roland Siller and CBA president Arthur Javadyan.

As Mr. Siller emphasized, the German government intends to finance unprecedented number of infrastructural projects in Armenia. 14 hydropower stations have been already funded in the framework of Renewable Energy Aid crediting program.

As of today, financing of Armenian renewable energy sector grosses AMD 24.5 billion.