Wednesday, June 21 2017 18:09

ArmInfo. US Ambassador to Armenia Richard Mills confirmed the investment potential of Armenia's energy sector at $ 8bn. "We are talking about the potential, possible investments that will be possible when the electricity market is completely liberalized and it will be possible to export electricity from Armenia to Georgia, Iran, to the south," the US diplomat said at the forum on June 21. "The re-evaluation of competition in Armenia: Modern challenges and the future." at the same time, as Mills added, the prospect of electricity export to Turkey will also create real opportunities for attracting investments to the republic.

As explained by the head of the US diplomatic mission in Armenia, the Ministry of Energy Infrastructures and Natural Resources made the calculation of the investment potential in the energy sector of Armenia in the amount of $ 8 billion. Estimates of the US embassy confirmed the existence of such a potential.

The diplomat noted the interest of American companies in the energy industry of Armenia. At the same time, as Richard Mills stressed, multibillion investments will be possible only if there are appropriate infrastructures. He informed that a number of productive meetings were held with the Minister of Energy Infrastructures and Natural Resources of Armenia Ashot Manukyan this month, during which the Minister presented 2 investment projects. One of the programs concerned the production of energy through the processing of solid waste. American investors consider now these proposals, Mills noted.

A month earlier, in an interview with journalists at a conference on the prospects for the development of renewable energy sources, Ambassador Richard Mills said that US investors are more than interested in the energy sector of Armenia. According to Mills, there is already an opportunity for investment cooperation in the amount of about $ 8 billion. As the ambassador admitted, the interest of American investors is so huge that it exceeded all expectations. At the same time, the diplomat pointed out that the task of Armenian entrepreneurs and governments is to demonstrate Armenia's attractiveness for American investors.