Thursday, September 14 2017 16:29
Naira Badalian

"Lev Energy" to build small hydro power plant in Artsakh

ArmInfo. Lev Energy LLC plans  to build a cascade of small hydroelectric power stations with a  capacity of 4.7 MW in the territory of the Moshatah-Tsitsernavank  communities of the Kashatak district of Artsakh. On September 14, the  Armenian government approved the company's application for exemption  from customs duty on imported equipment and granting a three-year  grace period for VAT payment.

According to the Minister of Economic Development and Investments of  Armenia Suren Karayan, the cost of the investment program is 3.8  billion AMD, of which imported equipment, exempted from VAT - 877.5  million AMD. Based on the results of the program implementation, it  is planned to create 9 workplaces with an average monthly salary of  115 thousand drams in 2018-2020.

During the first half of 2017 in the Republic of Artsakh, electricity  production increased by 16.6 million kWh, or 9.87%, to 184.9 million  kWh, compared to the same period last year. According to the Ministry  of Economy of the Republic, during the reporting period, electricity  consumption amounted to 166.8 million kWh, up 13.47% or 19.8 million  kWh compared to the same period. To date, 16 hydropower plants  operate in Artsakh, including the Sarsang hydroelectric power station  with an installed capacity of 50 MW, and 15 small hydropower plants  with a total capacity of 56.4 MW. Only in 2017 two small hydropower  stations - "Dzhermajur" (10.3 MW) and "Viking" (1.8 MW) were put into  operation. At this stage, another 9 small hydropower plants are being  constructed, the total annual electricity output will be about 263.02  kWh.

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