Chinese Company Completes Work On Hrazdan Power Plant

YEREVAN (Noyan Tapan)–A ceremony of the signing of the act on transfer-reception of the work on the installation of the boiler at the 5th unit of the Hrazdan Power Plant will be held on Wednesday. The work was done by the Chinese CNTIC Trading Co that won an international tender. Five Russian companies competed with the Chinese company for the tender–however the Armenian side was attracted by both the technical and financial proposals of the Chinese company. The financing of the work was made at the expense of the part of the EBRD credit allocated for the reconstruction of the whole 5th unit of the Hrazdan plant totaling $57.4 million. The Chinese company’s efforts amounted to $3.8 million.

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