ArmInfo. "As one of the most important areas of the Armenian economy, the energy area in recent year has registered substantial achievements. The works conducted in this area are aimed at raising the level of the energy security of Armenia, providing dependable and uninterrupted services," Armenian President Serzh Sargsyan said on January 25 during the opening ceremony of the Energy Week-2017, which is conducted in the framework of the Solar Energy Investment Conference. .
The press office of the Armenian President quotes Serzh Sargsyan as saying, "With the assistance of the international financial institutions, the high-voltage substations of structural importance have been almost totally renovated. Constant and persistent activities aimed at the creation of new capacities, construction of new power lines, and introduction of new technologies are being carried out in this area. In the regional context, we are efficiently cooperating with our neighbors - the Islamic Republic of Iran and Georgia. Armenia-Iran and Armenia-Georgia power lines will be put into operation in 2019, which will allow to elevate the energy system of Armenia to a qualitatively new level. The implementation of the mentioned above programs will allow to carry out the transit of energy power, seasonal sub-flows and swaps, as well as other commercial deals. As a member of the Eurasian Economic Union, Armenia can become a unique bridge between the Islamic Republic of Iran and the Eurasian Economic Union. This factor creates excellent opportunities for the implementation of various investment projects by the state as well as private sectors. In the long-run, the economies based on "green" principles are more promising and stable. For that very reason, in the development strategy of this particular area, we especially stress the importance of the development of the renewable energy such as solar, wind, thermal and hydro energy. According to numerous of scientific explorations, Armenia possesses a great potential for the development of solar energy. In order to create an attractive milieu for the investors, in recent period of time we have implemented a number of legislative reforms, using the best world practices. It is necessary to note that in recent years the cost of technologies for solar photovolt panels has decreased by nearly 80%. For that very reason, compared to other technologies for energy production, the industrial-scale technology for solar photovolt panels has become competitive. The preliminary studies show that thanks to these modern technologies currently it has become possible to get a competitive price for solar photovolt panels which in turn will allow to avoid negative impact on the set energy price for the ultimate consumers. Thus, the world famous companies have every opportunity to participate at the tenders in Armenia and to build great capacity solar photovolt panels. In coming years, we are planning to dramatically increase the share of renewable energy in the general energy "balance sheet" through the construction of solar, wind, and thermostations."
The Conference is organized by Armenia's Renewable Resources and Energy Efficiency Fund and the Expomedia Center of Exhibition Projects.