Wednesday, May 17 2017 12:25
Alexandr Avanesov

Deputy Minister: The total cost of the project to build a solar power plant "Masrik" in Armenia will be $ 50 million

Deputy Minister: The total cost of the project to build a solar power  plant "Masrik" in Armenia will be $ 50 million

ArmInfo. The total cost of the  55-megawatt "Masrik" solar power station construction project in  Gegharkounik region of Armenia will be $ 50 million, the deputy  minister of energy infrastructures and natural resources of Armenia  Hayk Harutyunyan told journalists on May 17 at the fields of the  Armenian-American forum, which opened in Yerevan.

According to him, from April 28 started the prequalification stage of  the contest in Armenia. 7 companies purchased the investment program,  which indicates a growing interest in the project. Investors will be  given 6 months to submit applications for participation in the final  competition. It is expected that around 10 companies will participate  in it. Moreover, the geography of tender participants will be very  wide, practically from all over the world. "I hope that the number of  participants will increase as a result of today's event," the Deputy  Minister said, adding that as of today there are no American  companies among the participants of the competition.

According to the investment program approved by the government of the  country, it is planned to build solar stations in Armenia at 6 sites  with a total installed capacity of up to 110 MW. At the first stage,  a site near the "Masrik" community was chosen, where a solar station  with a capacity of 55 MW will be built.  The total cost of the  program for the construction of solar power stations in Armenia is $  129 million. Of the six surveyed areas in two, the Spanish consulting  company Aries Engineering has already submitted feasibility studies.  They refer to the sites of Masrik in Gegharkounik regiona and  Dashtadem in Aragatsotn region, the surveys on other 4 sites are  ongoing. On of the basic conditions of the contest will be the tariff  offered to investors. The advantage will have the company which will  offer the minimal tariff.

Climatic Investment Fund allocate to Armenia $28 million on alternate  power development, $2 million is a grant, $26 million - loan. The  terms of the loan are soft - 0.25% per annum with a maturity of 40  years and a grace period for payments in the first 20 years. On grant  study of the sites, the development of a feasibility study for the  project, calculated at a station of 100-120 MW capacity.

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