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Armenia and EBRD sign 20 million euro grant agreement

16.03.2015 21:34

Armenia and EBRD sign 20 million euro grant agreement

YEREVAN, March 16. / ARKA /. Armenian ministry of energy and natural resources and the European Bank for Reconstruction and Development (EBRD) have signed on Monday an investment agreement, enabling Armenia to attract a nearly 20 million euro grant.

The money will be provided under the Eastern Europe Energy Efficiency and Environment Partnership, program (E5P).

"This agreement will help to attract additional resources for implementtaion of energy efficiency projects in the communities of Armenia. Armenia attaches importance to the signing of this document,' said energy and natural resources minister Yervand Zakaryan at a briefing after the signing of the document.

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