Spanish Company intended to invest EUR 200 mln in solar plants construction in Armenia

ArmInfo. The Spanish company of Acciona is intended to invest EUR 200 mln in the construction of solar plants in Armenia, Migel Araras, the representative of the company, stated at the margins of Investment forum held in Yerevan.

According to him, the company is intended not only to participate to the construction contract bidding in respect to construction of  50 mW capacity solar plant  at the site of Masrik in Gegharkunik marz, but also to raise photo voltage  generating units with a capacity of 150 mW. But  there are some state guarantees of indemnity  needed to launch the project, Araras said. "We want to enter Armenian market for a long time, for 25 years as the minimum, and we should be sure our investments will be protected," the representative of the Company said, adding that beside solar generation, the company is occupied in developing a wind energy plant in the area of lake Sevan.

To note, the Spanish company of Acciona,  the worldwide leader of the renewable energy production, is intended to invest this year about EUR 600-700 mln in the construction of  energy parks. The management of the company estimates to invest the same volumes in the projects of alternative electric power annually until the year of 2020. The total volumes of  investments estimated for the current period forms EUR 3,5 bln, EUR 2 bln of which will be allocated for the construction of units  located out of Spain. " We have studied proposals from more than 100 countries of the world, interested in solar and wind plants construction. Now we have to choose projects that will be priorities for us," Jose Manuel Entrecanales, the President of Acciona Company said at the meeting of shareholders

To recall, the tender on construction of a power station with a capacity of 50MW will be announced in February this year. More than 30 foreign companies and 300 participants take part in the forum that has kicked of in Yerevan today. Within the forum investment package on development of solar energy in Armenia will be presented to foreign companies. Considering drop of world prices on production of equipment for solar power plants the Armenian authorities are sure that it will be possible to produce electricity on acceptable tariff.