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The Project is consistent with ADB's Strategy 2020 in relation to environmentally sustainable growth, as one of the three strategic agenda items. Strategy 2020 emphasizes investment in infrastructure with further emphasis on promoting private sector participation. In addition, Strategy 2020 highlights ADB's operational emphasis on expanding the use of clean energy sources, reducing greenhouse gas emissions.
The Country Partnership Strategy (CPS) for Armenia is currently under preparation. The Project is expected to be consistent with the forthcoming CPS.
The Project remains fully consistent with the ADB Energy Policy 2009, under which support to renewable energy generation has been identified as a key priority. The policy further stresses the importance of harnessing energy efficiency which is essential to improve energy security and reduce emissions of greenhouse gases.
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