| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 40.00 |
| Borrower/Recipient | 5.00 |
Armenia Enabling the Energy Transition Program
Abstract*
Armenia is an upper-middle-income country with a per-capita gross domestic product (GDP) of US6,661 dollars in 2022 that has experienced high yet volatile growth over the past two decades. The government’s vision for the development of the energy sector aims at enhancing Armenia’s energy security while reducing the country’s GHG emissions. In 2021, the Government of Armenia (GoA) issued the “Republic of Armenia Energy Sector Development Strategy to... Show More
Development Objective
Enable the integration of increased renewable energy capacity into the power transmission grid and enhance the commercial viability of the power transmission company.
Key Details
Project Details
P179336
Active
Gor Khachatryan , Claudio Protano
Republic of Armenia
December 15, 2023
(as of board presentation)
May 30, 2024
February 19, 2025
US$ 50.00 million
Electric Power System Operator (EPSO),Ministry of Territorial Administration and Infrastructure (MTAI),Public Services Regulatory Commission (PSRC),High-Voltage Electric Networks (HVEN)
2024
US$ 40.00 million
N/A
April 24, 2023
June 30, 2029
No
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 40.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 40.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | 50.00 |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| May 30, 2024 | IBRD-96810 | Loan Commitment | 40,000,000.00 |
Ratings
Results Framework
No data available.