Thursday, January 17 2019 22:21

ArmInfo. RA Deputy Prime Minister Tigran Avinyan met with the CEO of the Italian company of Renco, Giovanni Rubini.According to the press service of the Deputy  Prime Minister's office, Giovanni Roubini noted that after the  meeting, which took place last fall, great progress was made in the  construction of a new Yerevan TPP. In particular, according to him,  over 187 documents were signed with various partners and four  international banks.

At the same time, the head of Renco expressed  his gratitude to the government for support in the investment  process.In turn, the RA Deputy Prime Minister noted that today the  executive branch approved a direct contract within the framework of a  framework agreement signed between the RA government, the Armpower  and Renco companies, and authorized the acting President. Minister of  Energy Infrastructure and Natural Resources to sign this document.  "This will give an opportunity to summarize the financial component  of the program and start building a power plant in the near future,"  he said.

During the meeting, the interlocutors also discussed the  opportunities and prospects for the implementation of Renko  investment programs in various sectors of the Armenian economy.Recall  that on November 13, 2018, in Yerevan, an agreement was signed on the  construction of a new thermal unit of the Yerevan TPP.  After signing  an agreement with the company "Renco" and. Minister of Energy  Infrastructures and Natural Resources of the Republic of Armenia  Garegin Baghramyan informed that a new unit with a combined steam and  gas cycle will be built on the territory adjacent to the Yerevan TPP.  Construction work will take 25 months. 1200 people will be involved  in the project implementation process, another 230-250 people will be  provided with permanent work and high wages during the operation of  the unit.

According to the results of intensive two-month negotiations with  Renko companies, it was possible to reach an agreement on the  electricity tariff - it will be 5.7 cents per 1 kW. / H instead of  the previously agreed tariff of 6.02 cents. Thus, the cost from the  future generation facility will be the lowest among similar units  operating in Armenia and will make 27.4 drams per 1 kW / h.  electricity. For example, the tariff from the fifth block of the  Hrazdan TPP is equal to 31.5 drams, and from the current block on the  Yerevan TPP - to 29.4 drams. Thus, Garegin Baghramyan continued, $  6.4 million will be saved every month. During construction, the best  efficient technologies will be used, and the efficiency will be 53%,  while this indicator of the fifth block of the Razdan TPP is 44%, and  the Yerevan TPP - 49%.Then Giovanni Roubini emphasized that for the  first time in the last 20 years, Renko will carry out a project in  Armenia that will correspond to the company's line of business -  electricity production. The total investment will amount to $ 250  million. When erecting the facility, the newest technologies will be  used, with the result that the new unit will have a high level of  efficiency and will become the only unit of this level in the region.