Another solar power plant to be builded in Armenia with a capacity of 983,6 kWh

ArmInfo. In the Vayk Community  of Vayots Dzor region of Armenia another  solar power plant will be  raised with a capacity of 983,6 kWh. The construction project of the  optional energy object will be implemented by the  Company of Clean  Energy, which obtained a license   for the construction and operation   of the plant based on the Public  Services Regulating Commission  Decisions. 

According to Seda Shahinyan, the head of legal and Licensing  Department of the PSRC Seda Shahinyan, currently I the preparation  works are in progress at Vayj community. According to the license,  the plant will be launched  by September 30, 2017. The license will  be valid until September 30, 2037.  

To recall,  an optional energy sources construction project is  launched in Armenia. The  total cost of the program for the  construction of solar power plants in Armenia is $ 129 million.  Feasibility studies have already been prepared for the construction  of solar power plants with a capacity of up to 100 megawatts.  Within  the framework of the program it is planned to build stations with a  capacity of up to 110 megawatts in various regions of Armenia. Of the  six surveyed areas by two, the Spanish consulting company Aries  Engineering has already submitted feasibility studies. They relate to  the localities of "Masrik" in Gegharkunik region and "Dashtadem" in  Aragatsotn region, and studies on the remaining four localities  continue. One of the main conditions of the contest will be the  tariff offered by investors. The advantage will be the company that  will offer the minimum tariff. The climate investment fund for the  development of alternative energy provided Armenia $ 28 million, of  which $ 2 million is a grant and $ 26 million is a loan. 

The loan terms are soft - 0.25% per annum with a maturity of 40 years  and a grace period for payments in the first 20 years. Grant funds  are being used to study the localities, develop a feasibility study  for the project, calculated at a station of 100-120 megawatts of  capacity. Earlier, the representative of the Spanish company Acciona,  Miguel Araras, informed of the intentions of the company not only to  participate in the upcoming tender, but also to invest 200 million  euros in the construction of solar stations in Armenia.  According to  him, the company intends not only to take part in the tender for the  construction of a 50- megawatt solar power station in the Masrik  area, but also to build photovoltaic facilities of 150 megawatts.   But for this, continued Miguel Araras, the state guarantees in the  return of the invested funds are necessary.  "We want to come to  Armenia for a long time, at least for 25 years, and we must be  confident in protecting our investments," the company representative  said.