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    Reference: 20170951
    Release date: 13 April 2018

    Promoter – Financial Intermediary

    ELECTRIC NETWORKS OF ARMENIA CJSC

    Location

    Description

    The project consists of the modernisation and upgrade of electricity distribution assets in Armenia, through expansion of the network, improvement of management systems and compliance with international standards.

    Objectives

    The project objectives are to increase the quality and reliability of the electricity supply, to reduce network losses, and to provide for the incremental demand from new customers.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 44 million

    Total cost (Approximate amount)

    EUR 173 million

    Environmental aspects

    The project schemes, if located in the EU, would fall neither under Annex I nor under Annex II of Directive 2014/52/EU amending the EIA Directive 2011/92/EU and would not require an Environmental Impact Assessment (EIA). The main impacts of the project are expected to be related to the construction phase during which mitigating measures will be implemented as necessary.

    Procurement

    The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank's Guide to Procurement.

    Status

    Under appraisal - 12/03/2018

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Armenia Energy