Wednesday, March 29 2017 13:20
Alexandr Avanesov

Another solar power plant to be builded in Armenia with a capacity of 983,6 kWh

Another solar power plant to be builded  in Armenia with a capacity  of 983,6 kWh

ArmInfo. In the Vayk Community  of Vayots Dzor region of Armenia another  solar power plant will be  raised with a capacity of 983,6 kWh. The construction project of the  optional energy object will be implemented by the  Company of Clean  Energy, which obtained a license   for the construction and operation   of the plant based on the Public  Services Regulating Commission  Decisions. 

According to Seda Shahinyan, the head of legal and Licensing  Department of the PSRC Seda Shahinyan, currently I the preparation  works are in progress at Vayj community. According to the license,  the plant will be launched  by September 30, 2017. The license will  be valid until September 30, 2037.  

To recall,  an optional energy sources construction project is  launched in Armenia. The  total cost of the program for the  construction of solar power plants in Armenia is $ 129 million.  Feasibility studies have already been prepared for the construction  of solar power plants with a capacity of up to 100 megawatts.  Within  the framework of the program it is planned to build stations with a  capacity of up to 110 megawatts in various regions of Armenia. Of the  six surveyed areas by two, the Spanish consulting company Aries  Engineering has already submitted feasibility studies. They relate to  the localities of "Masrik" in Gegharkunik region and "Dashtadem" in  Aragatsotn region, and studies on the remaining four localities  continue. One of the main conditions of the contest will be the  tariff offered by investors. The advantage will be the company that  will offer the minimum tariff. The climate investment fund for the  development of alternative energy provided Armenia $ 28 million, of  which $ 2 million is a grant and $ 26 million is a loan. 

The loan terms are soft - 0.25% per annum with a maturity of 40 years  and a grace period for payments in the first 20 years. Grant funds  are being used to study the localities, develop a feasibility study  for the project, calculated at a station of 100-120 megawatts of  capacity. Earlier, the representative of the Spanish company Acciona,  Miguel Araras, informed of the intentions of the company not only to  participate in the upcoming tender, but also to invest 200 million  euros in the construction of solar stations in Armenia.  According to  him, the company intends not only to take part in the tender for the  construction of a 50- megawatt solar power station in the Masrik  area, but also to build photovoltaic facilities of 150 megawatts.   But for this, continued Miguel Araras, the state guarantees in the  return of the invested funds are necessary.  "We want to come to  Armenia for a long time, at least for 25 years, and we must be  confident in protecting our investments," the company representative  said.

POST A COMMENT
Input digits     


News
Armenia`s Finance  Minister, FDA representative  discuss  financing  options  for Bargushan tunnel construction Armenia`s Finance  Minister, FDA representative  discuss  financing  options  for Bargushan tunnel construction 
Armenia`s  job market increased by nearly 5% in a yearArmenia`s  job market increased by nearly 5% in a year
Jeff Barr: Amazon Web Services  interested in enhancing partnership  with ArmeniaJeff Barr: Amazon Web Services  interested in enhancing partnership  with Armenia
In Armenia, capital expenditures underfulfilled by 70% in first  quarter of 2025In Armenia, capital expenditures underfulfilled by 70% in first  quarter of 2025
Armenia`s vice-premier, head of ADB Armenia office discuss  cooperation priorities Armenia`s vice-premier, head of ADB Armenia office discuss  cooperation priorities 
Armenia improves position in Global Startup Ecosystem Index -  minister Armenia improves position in Global Startup Ecosystem Index -  minister 
Shadow income in Armenia is about 200-300 billion drams - Eduard  HakobyanShadow income in Armenia is about 200-300 billion drams - Eduard  Hakobyan
Expert: Obsession with short-term indicators to strip Armenia of  economic sovereigntyExpert: Obsession with short-term indicators to strip Armenia of  economic sovereignty
Armenia`s GDP increased by 5.2%  in Q1 2025, reaching $5.4 billionArmenia`s GDP increased by 5.2%  in Q1 2025, reaching $5.4 billion
In Armenia, only  54,000 out of 900,000 declarants reported their income to the tax authoritiesIn Armenia, only  54,000 out of 900,000 declarants reported their income to the tax authorities
Economy Minister does not believe his visit to Georgia can change anything more than daily contacts with Georgian partnersEconomy Minister does not believe his visit to Georgia can change anything more than daily contacts with Georgian partners
Near East could be among priority markets for Armenia under tourism strategy - minister Near East could be among priority markets for Armenia under tourism strategy - minister 
Armenia to cancel entry visas for citizens of number of countries Armenia to cancel entry visas for citizens of number of countries 
EAEC, EAEU bodies, businesses discuss intensification of trade with Serbia EAEC, EAEU bodies, businesses discuss intensification of trade with Serbia 
Armenian vice-premier to take part in EAEC Council`s meeting Armenian vice-premier to take part in EAEC Council`s meeting 
Tax administration efficiency discussed in Yerevan based on TADATTax administration efficiency discussed in Yerevan based on TADAT
Lavrov: Trade turnover between Russia and Armenia demonstrated  impressive results last yearLavrov: Trade turnover between Russia and Armenia demonstrated  impressive results last year
Gagik Makaryan: Georgia carrying out terror against cognac production in ArmeniaGagik Makaryan: Georgia carrying out terror against cognac production in Armenia
IDBank is now in Kapan: Opening of a new branchIDBank is now in Kapan: Opening of a new branch
Armenia to introduce cashback mechanism in tourism industry Armenia to introduce cashback mechanism in tourism industry 
Armenia plans to bring tourist industry`s revenues up to $3bln by  2030Armenia plans to bring tourist industry`s revenues up to $3bln by  2030
Team Telecom Armenia completes upgrading of mobile network in Tavush Team Telecom Armenia completes upgrading of mobile network in Tavush 
For the first time, the bonds of a medical institution to be listed  on Armenia Stock ExchangeFor the first time, the bonds of a medical institution to be listed  on Armenia Stock Exchange
International train Yerevan-Batumi-Yerevan to start operating from June 14International train Yerevan-Batumi-Yerevan to start operating from June 14
Armenia`s authorities to exempt certain Iranian trucks from road tax Armenia`s authorities to exempt certain Iranian trucks from road tax 
Azimut production company installs VOR/DME 2700 radio beacon in ArmeniaAzimut production company installs VOR/DME 2700 radio beacon in Armenia
ADB joins construction project of southern section of North-South  corridorADB joins construction project of southern section of North-South  corridor
RA Minister of Economy meets cognac industry representatives   RA Minister of Economy meets cognac industry representatives   
CBA considers introducing  insurance mechanism to combat financial  fraudCBA considers introducing insurance mechanism to combat financial fraud
Kocharyan: Gas pipeline from Iran to Armenia didn`t not imply any transit opportunity from the startKocharyan: Gas pipeline from Iran to Armenia didn`t not imply any transit opportunity from the start
Armenian-Austrian Intergovernmental Commission meeting on  trade-economic and scientific-technical cooperation  held in ViennaArmenian-Austrian Intergovernmental Commission meeting on  trade-economic and scientific-technical cooperation  held in Vienna
1% Special Transfer Rate for AraratBank Customers1% Special Transfer Rate for AraratBank Customers
Team Telecom Armenia announces launch of 5GTeam Telecom Armenia announces launch of 5G
Rocket Line loan payment deferment and combination: New update of the Idram&IDBank applicationRocket Line loan payment deferment and combination: New update of the Idram&IDBank application
23 of 46 schools renovated under ADB programme 23 of 46 schools renovated under ADB programme 
Armenian interbank foreign exchange market: dollar transactions increased from May 12 to May 16, 2025Armenian interbank foreign exchange market: dollar transactions increased from May 12 to May 16, 2025
Vahe Davtyan: Armenia being marginalized from the emerging  architecture of regional energy transitVahe Davtyan: Armenia being marginalized from the emerging  architecture of regional energy transit
Vahe Hovhannisyan meets with  EIB Vice President, Egypt`s Minister of  International Cooperation, and representatives from JP Morgan and  Bank of America in LondonVahe Hovhannisyan meets with  EIB Vice President, Egypt`s Minister of  International Cooperation, and representatives from JP Morgan and  Bank of America in London
Head of Anti-Counterfeit: We must not allow illegal traders to use  Georgia as a hub for counterfeit goods or a convenient route for   transportationHead of Anti-Counterfeit: We must not allow illegal traders to use  Georgia as a hub for counterfeit goods or a convenient route for   transportation
AraratBank: From a Future Student to a LeaderAraratBank: From a Future Student to a Leader
Event Ticketing Platform Eventhub is now Available in MyAmeria AppEvent Ticketing Platform Eventhub is now Available in MyAmeria App
RA Finance Minister of Finance meets with EBRD  President  in LondonRA Finance Minister of Finance meets with EBRD  President  in London
25% idcoin when buying tickets from all airlines. IDBank25% idcoin when buying tickets from all airlines. IDBank
The majority of transfers to Armenia come from Russia, and flow out  to Switzerland, the UAE and the USAThe majority of transfers to Armenia come from Russia, and flow out  to Switzerland, the UAE and the USA
ZCMC to be the first in Armenia to present a report on biodiversity  managementZCMC to be the first in Armenia to present a report on biodiversity  management
Armenian market  unable to provide personnel for modern competitive  businesses, especially in  mining sectorArmenian market  unable to provide personnel for modern competitive  businesses, especially in  mining sector
Converse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projectsConverse Bank and EBRD sign two loan facilities totaling US$ 8 million to support MSMEs and green projects
Armenia Featured in Wizz Air’s Special Magazine EditionArmenia Featured in Wizz Air’s Special Magazine Edition
Import customs duty for goods supplied to Armenia from Iran to be reduced to 4.5% Import customs duty for goods supplied to Armenia from Iran to be reduced to 4.5% 
Armenia`s authorities plan to enhance military industry`s potential Armenia`s authorities plan to enhance military industry`s potential 
Armenian government expanding agricultural machinery leasing support  programArmenian government expanding agricultural machinery leasing support  program
Armenia extends repayment term for ADB loan for improvement of  Armenia-Georgia border highwayArmenia extends repayment term for ADB loan for improvement of  Armenia-Georgia border highway
Armenia`s Cabinet declines Capital Markets International Data`s application for Ecos fee operators list Armenia`s Cabinet declines Capital Markets International Data`s application for Ecos fee operators list 
Inecobank to receive $15mln under EBRD `green agenda` Inecobank to receive $15mln under EBRD `green agenda` 
`Solar pathos` turning into source of Armenia`s `energy insecurity` - expert `Solar pathos` turning into source of Armenia`s `energy insecurity` - expert 
EU to mobilize EUR 2.36bln under economic investment plan for Armenia  - diplomat EU to mobilize EUR 2.36bln under economic investment plan for Armenia  - diplomat 
Evocabank to receive EUR 19.4 million financial package from EBRD to  support MSMEs and large enterprises in ArmeniaEvocabank to receive EUR 19.4 million financial package from EBRD to  support MSMEs and large enterprises in Armenia
EBRD expands cooperation with Ameriabank - EUR 50 million Risk Sharing  Framework agreement signedEBRD expands cooperation with Ameriabank - EUR 50 million Risk Sharing  Framework agreement signed
PSRC Head: Installed capacity of solar power plants in Armenia  projected to reach 557 MW in the coming yearsPSRC Head: Installed capacity of solar power plants in Armenia  projected to reach 557 MW in the coming years
Ambassador: Russia offering Armenia a wide range of nuclear power  unitsAmbassador: Russia offering Armenia a wide range of nuclear power  units
Read more
Exchange rates
23.05.2025
RUB4.80-0.03
USD383.77-0.67
EUR435.581.47
GBP518.132.98
CAD277.930.94
JPY26.770.01
CNY53.420.07
CHF464.44-0.48