Armenian Energy and Natural Resources Minister Yervand Zakharyan recently revealed in the annual report, in 2015, connecting Armenia and Georgia 400 kV high voltage transmission project attracted a total investment of 178 million euros (about 1.29 billion yuan).
Yervand Zakharyan said that in September 2015, DOE restart Armenia - Georgia Transmission project financing.
In addition, the DOE will also start the Armenian nuclear power plant upgrades to extend the useful life of nuclear power plants, the plan is expected to be completed in September 2016.
According to the plan, Armenia - Georgia high-voltage transmission project construction period is 24 months.
In this paper, the real-time exchange rate of € 1 = 7.2390 yuan yuan