Business

OIL:  BRENT - 84.85-1.62 WTI - 77.62-2.19
COMEX:  GOLD - 1920.70-0.51 SILVER - 23.68-0.67
COMEX:  PLATINUM - 1013.00-1.06
LME:  ALUMINIUM - 2589.50-1.43 COPPER - 9210.00-0.58
LME:  NICKEL - 29219.00+1.10 TIN - 29809.00-3.34
LME:  LEAD - 2159.50-1.08 ZINC - 3446.00+0.95
FOREX:  USD/JPY - 130.21+0.49 EUR/GBP - 1.0842-0.17
FOREX:  EUR/USD - 1.0842-0.17 GBP/USD - 1.234-0.39
STOCKS RUS:  RTSI - 987.39-0.50
STOCKS US: DOW JONES - 33717.09-0.77 NASDAQ - 11393.81-1.96
STOCKS US: S&P 500 - 4017.77-1.30
STOCKS JAPAN:  NIKKEI - 27327.11-0.39 TOPIX - 1975.27-0.36
STOCKS CHINA:  HANG SENG - 21842.33-1.03 SSEC - 3255.67-0.42
STOCKS EUR:  FTSE100 - 7784.87+0.25 CAC40 - 7082.01-0.21
STOCKS EUR:  DAX - 15126.08-0.16
31/01/2023  CBA:  USD - 395.67-0.21 GBP - 487.15-4.10
31/01/2023  CBA:  EURO - 428.27-3.60
31/01/2023  CBA:  GOLD - 24476.64+0.37 SILVER - 300.66-1.31
January, 2023
January 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
Byblos Bank Armenia finances the construction of two major solar parks
08/11/2022 17:09 0.1K

Byblos Bank Armenia finances the construction of two major solar parks

Byblos Bank has financed two of Armenia’s largest photovoltaic power plants, which were recently put into operation in the Astghadzor community of Gegharkunik province.

The Bank provided a $5.5 million loan, covering 80% of the total cost of the project, to AS Energy and PromSun, the companies that handled the project.

Speaking about the plants, Vahan Kajayan, Head of Commercial Banking at Byblos Bank Armenia, has said: “This is the first Byblos Bank Armenia-funded project to build solar power plants in Armenia. Today, we can already establish that we have successfully implemented this large-scale and important project for our country.”

According to Mr. Kajayan, projects aimed at sustainable energy development, the introduction of renewable energy systems, and energy conservation, would continue to be in the Bank’s radar.

Hovhannes Tevosyan, Head of Development at Optimum Group, has said: “In solar energy, AS Energy and Prom Sintez plants are an ideal combination of the latest technologies and the finest engineering solutions. Such programs serve as a driving force for the sustainable development of Armenian provinces. In addition to the solar power potential, some regions of the country have a significant potential for wind energy production as well. We hope that renewable energy projects will continue to account for a greater share in Armenia’s energy capacity.”

AS Energy and Prom Sintez solar parks, which have a total installed capacity of 10 MW and an annual output of more than 20 million kWh, were constructed by Optimum Group.

Prom Sintez is the first solar station in Gegharkunik province with a built-in artificial intelligence system and a sun-tracking algorithm, which maximize the plant’s productivity by over 18%.

The renewable energy project will have a positive impact on the environment. The AI-powered plants will reduce annual carbon dioxide emissions by 4,350 tons, producing enough energy to supply power to about 70 small villages per hour.

The project also makes an important contribution to community development by creating jobs and enhancing local economy. Both during construction and after putting the solar parks into operation, new jobs have and will be created in the Astghadzor community.

Byblos Bank Armenia CJSC was founded and opened the doors of its first branch in 2007. Today, the Bank has four branches in Yerevan where customers can use various banking services and receive financial advice. The Bank offers its customers corporate-retail banking services that meet the highest international standards.

Ucom - high speed internet connection starting at AMD 6,500
AMD Rates
10:30 31/01 Buy Sell
AMD / USD 397.00 400.00
AMD / EUR 425.00 434.00
AMD / RUR 5.55 5.65
dollars
dollars
CBA Rates
31/01/2023
USD / AMD
395.67
-0.21%
EUR / AMD
428.27
-3.60%
RUR / AMD
5.61
-0.08%
GBP / AMD
487.15
-4.10%
Cryptocurrencies
10:30 31/01
BTC/AMD
9,029,936
-3.93%
BTC/USD
22809.78
-3.90%
ETH/USD
1565.75
-4.31%
BCH/USD
133.41
-1.98%
XRP/USD
0.391088
-5.23%
LTC/USD
94.27
-0.80%
BNB/USD
310.41
-1.48%
DOGE/USD
0.092812
+4.16%
ETH/BTC
0.06864392
-0.43%
BCH/BTC
0.005848773
+1.99%
XRP/BTC
0.000017146
-1.39%
LTC/BTC
0.004132719
+3.21%
BNB/BTC
0.013608721
+2.51%
DOGE/BTC
0.000004069
+8.39%
CBA Metals
31/01/2023
dram / gram
Gold
24476.64
+0.37%
Silver
300.66
-1.31%
FOREX
08:35 31/01
EUR/USD
1.0842
-0.17%
GBP/USD
1.234
-0.39%
USD/JPY
130.21
+0.49%
EUR/GBP
0.8782
+0.19%
Oil
08:35 31/01
$ / barrel
Brent
84.85
-1.62%
Light Sweet
77.62
-2.19%
COMEX
08:35 31/01
$ / tr. oz
Gold
1920.70
-0.51%
Silver
23.68
-0.67%
Platinum
1013.00
-1.06%
LME / 3M
08:35 31/01
$ / tonne
Aluminium
2589.50
-1.43%
Copper
9210.00
-0.58%
Nickel
29219.00
+1.10%
Tin
29809.00
-3.34%
Lead
2159.50
-1.08%
Zinc
3446.00
+0.95%
Molybdenum
74229.56
+1.66%
Cobalt
49000.00
+0.00%
Indexes
08:35 31/01
point
Dow Jones
33717.09
-0.77%
S&P 500
4017.77
-1.30%
NASDAQ
11393.81
-1.96%
FTSE
7784.87
+0.25%
CAC 40
7082.01
-0.21%
DAX
15126.08
-0.16%
RTSI
987.39
-0.50%
Nikkei
27327.11
-0.39%
Topix
1975.27
-0.36%
Hang Seng
21842.33
-1.03%
SSEC
3255.67
-0.42%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
10.75
+0.00%
Lombard Repo
Lombard Repo Rate
12.25
+0.00%
Deposit
Deposit Rate
9.25
+0.00%
Macroeconomy
12/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,681.7
+7.80%
Export 1
Export
5,360.1
+77.7%
Import 1
Import
8,768.7
+63.5%
CPI
Consumer price index
+8.60
Avg. Salary 2
Average salary
235,576
+15.50%
Services 3
Volume of services
2,575.8
+28.2%
Construction 3
Volume of construction
541.11
+12.50%
1 - mln AMD, 2 - AMD, 3 - bln AMD