Power Transmission Rehabilitation Project (ADB-46416-002)

Countries
  • Armenia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 31, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Armenia, Ministry of Energy and Natural Resources of the Republic of Armenia
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 37.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 37.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jan 8, 2018

Disclosed by Bank Mar 31, 2017


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Project Description
According to ADB website, ADB is helping Armenia further overhaul its Soviet-era power network, including expanding its supervisory control and data acquisition (SCADA) system, and upgrading two 220 kilovolt substations at Agarak 2 and Shinuhayr. The project will reduce power losses, boost capacity, and improve the quality and reliability of power supplies to both urban and rural customers. This project is associated with closed ADB project: Power Transmission Rehabilitation Project (ADB-46416-001). The project will include three main components: 1. Expansion of supervisory control and data acquisition (SCADA) system 2. Rehabilitation of four existing 220/110-kilovolt (kV) substation 3. Support for institutional development, capacity building, and project management. The project will help increase the electricity supply to urban and rural consumers to support inclusive and sustainable economic development.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Luo, Tianhua Central and West Asia Department, ADB No contact information provided at the time of disclosure. Executing Agency: Ministry of Energy and Natural Resources of the Republic of Armenia Email Address: MINENERGY@MINENERGY.AM Office Address: Government Building 2, Republic Square, 375010 Yerevan ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.