ARMENIA MAY GET GERMAN FUNDS FOR HYDROPOWER PLAN, ARMENBROK SAYS
By Helena Bedwell

Bloomberg
April 19 2012

Armenia may get 40 million euros ($52 million) for renewable energy
projects from Germany’s state-run development bank, Armenbrok
Investment Co. said.

The plan is part of a program set up in 2007 with 24 million euros
and will be used for hydropower, it said today in a report, citing
German-Armenian Fund Director Gevorg Tumanyan.

From: A. Papazian