Wednesday, April 13 2016 16:34

ArmInfo. The talks on construction of two new thermal power units in Armenia are still underway, Armenian Deputy Minister of Energy and Natural Resources Areg Galstyan said on April 13, when replying to ArmInfo's question.      

He said that the feasibility studies of both projects are being prepared. However, the deputy minister failed to say anything about the dates and intensity of the construction of the two thermal power units. "Anyway, it is clear that both units will be equipped with up-to-date technologies," he said.

To recall, on Feb 4, 2016, the Armenian government approved the project of construction of a new power plant with a combined-cycle gas turbine in Vanadzor city (Lori region) and the signing of a relevant memorandum of exploitation.  The memorandum was signed between Armenia's Ministry of Energy and Natural Resources and British "Grange Power" company. The sides confirmed mutual interest in the project implementation through signing this document.  The capacity of the power plant with a combined-cycle gas turbine will be 234 MW. 220 mln USD will be invested in the project implementation.  Grange Power Company will establish a trade organization in Armenia with witch a final contract on construction of the plant will be signed. It was reported earlier that the Armenian government will support Grange Power company in acquisition of a land for the new plant. The company is obliged to construct the plant within 30 months at its own expense, while the Armenian government takes an obligation to ensure gas supply for no less than 20 years. It is anticipated that the Armenian government guarantees purchase of the whole output of the new plant at the price of 6.62 USD per 1KW/h (without VAT and taxes). As regards the construction of a new power unit at the Yerevan TPP, Armenia is negotiating with Japan because the project will be funded by a company from Japan. The capacity of the new unit will also be 234 MW.