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Armenia May Get German Funds for Hydropower Plan, Armenbrok Says

Armenia may get 40 million euros ($52 million) for renewable energy projects from Germany’s state-run development bank, Armenbrok Investment Co. said.

The plan is part of a program set up in 2007 with 24 million euros and will be used for hydropower, it said today in a report, citing German-Armenian Fund Director Gevorg Tumanyan.

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