PROJECT

Projects

Summary of Investment Information

Project Number

39630

Company Name

ARMPOWER CSJC

Date SPI Disclosed

Dec 27, 2017

Country

Armenia

Region

Europe

Projected Board Date

Mar 5, 2018

Environmental Category

A - Significant

Status

Active

Last Updated Date

Jun 16, 2019

Department

Regional Industry INF LAC & EUR

Industry

Infrastructure

Previous Events

Approved : Apr 6, 2018
Signed : Feb 15, 2019
Invested : Jun 13, 2019

Sector

Gas - Thermal Power Generation

Project Description

  The proposed investment involves a US$204 million debt financing package to ArmPower (the “Company”). It will be used to finance the construction of a 250MW greenfield combined-cycle gas turbine (CCGT) power plant with an estimated project cost of US$272 million in Yerevan, Armenia (the “Project”). 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation