World Bank to Finance Heating System Projects in Armenia

YEREVAN (Noyan Tapan)–The World Bank promotes the implementation of all the stable programs. The WB must be sure that the heating system development strategy in Armenia has been completely formed–and in this case it will finance this sphere–Senior Energy Economist–World Bank ECA Department–Salman Zaheer said at the workshop on heating system problems.

Participants in the workshop organized by the UNHCR and USAID pointed out that government assistance should be rendered to those willing to finance heating projects. The workshop participants also pointed out the need for elaborating a heating system development strategy. The current heating conditions in Yerevan and issues of structure and efficiency of energy use in Armenia were also presented at the workshop–special importance being attached to the problem of prospects of financing and models of the heating system.

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