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New loan to pay off debt of the ENA (video)
The World Bank will provide soft loan to Armenian in order to pay off the debt of the ENA, said Minister of Energy and Natural Resources Yervand Zakharyan at the end of the Government sitting. There is already an agreement with the World Bank, loan repayment term is 30 years, preferential period is 14 years, interest rate is 1.5 percent. Mr Zakharyan notes that thanks to that loan the electricity price won’t be increased, “It is the amount of money, which hasn’t been paid by the ENA, besides, it is also for some credits.” Mr Zakharyan refused to answer other questions of journalists.
