ArmInfo.Participation of numerous companies, investors and experts at Energy Week 2018 indicates a significant interest in the energy system of Armenia, Acting Deputy Prime Minister Tigran Avinyan announced on November 14 at the opening ceremony of the event.
According to him, Armenia, not possessing its own fuel and raw material resources, attaches importance to the development of renewable energy sources. In this context, the development of these types of generation is one of the priorities of the RA government. All steps, including improvement of the legislative field, the forecasted tariff policy and ongoing work with investors, are aimed at solving this task.
Favorable conditions are created for attracting investments in the energy sector, as a result of which the security of the energy system and the level of independence will increase even more.
Tigran Avinyan stressed that Armenia monitors trends in regional energy processes in order to effectively fulfill the competitive advantages of the country and establish mutually beneficial cooperation with the countries of the region. Large infrastructure projects, the creation of new energy capacities are aimed at solving the above-mentioned task. From this point of view, the construction of Iran-Armenia and Armenia- Georgia high-voltage power lines will continue, their activation will have a positive impact on the economic development of the country. The government is also taking steps to gradually liberalize the electricity market. The transition to a new market energy model will enable large consumers, electricity suppliers and traders to enter the market, which will create conditions for increasing the competitive environment and investment.
The transition to a new model will create conditions for interstate commerce.
The Acting Deputy Prime Minister stressed that the increase in energy efficiency, which has great potential, is also one of the important directions of government policy. The solution to this problem is also seen in such industries as transport, industry, apartment buildings, state organizations. It is necessary to introduce new technologies step by step, to expand the energy culture.
The Acting Deputy Prime Minister added that sustainable, smart energy is one of the most important conditions for the dynamic development of the economy. It is aimed at improving the lives of citizens and raising their living standards. "The Government of Armenia is open for cooperation and encourages active dialogue and interaction in all areas," Tigran Avinyan said.
To note, on November 14 a three-day investment forum "Energy Week 2018" started in Armenia, which is held under the high patronage of the RA Government. The event will present prospects for the development of the country's energy complex, as well as conditions for identifying existing potential for international cooperation. It will become a platform for discussing new opportunities and challenges facing the energy sector of the country. The development of renewable energy is important to improve the country's energy security. At the same time, there is a huge untapped potential in Armenia in solar, hydro, wind and geothermal energy. The forum will be attended by investors from the UK, Germany, Switzerland, Italy, Spain, Austria, USA, UAE, who will familiarize themselves with the country's investment opportunities on the spot. The Forum "Energy Week 2018" is organized by the Renewable Energy and Energy Efficiency Fund of Armenia together with the British company Invest In Network Limited with the assistance of the Ministry of Energy Infrastructures and Natural Resources of the Republic of Armenia.
Earlier, Armenia adopted the "Concept for Ensuring Energy Security of the RA ". According to it, by 2020renewable sources will be cover 20% of all consumed energy in Armenia, and by 2026 - at least 50%. The Government plans by 2020 to reduce energy consumption by 38% and, accordingly, energy costs. All conditions have been created in Armenia for the installation of solar power plants. According to the investment program approved by the government of the country, in Armenia 6 solar stations are planned to be built with a total installed capacity of up to 110 MW. The total cost of the solar power plant construction program is $ 129 million.
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