Ameriabank CJSC has approves 12 applications for small hydropower plants financing to the amount of $20.2mln.

“The process was launched in November 2009. $4.7 mln was already allocated. Besides, $25 mln will be distributed during the current year, with $14 mln Cascade Bank assigned for renewable energy sector,” Ameriabank CEO Artak Hanesyan said.