Karen Karapetyan and Renko, the Italian company, discussed the construction of a new thermal power plant in Yerevan worth $ 280 million

ArmInfo. Prime Minister Karen  Karapetyan yesterday received a delegation headed by the general  director of the Italian company Renko Giovanni Rubini.

As the press service of the Armenian government reports, the sides  touched upon the implementation of the provisions of the framework  agreement concluded on March 23 this year. in Yerevan between the  Government of Armenia and the company "Renko", which are related to  the construction of a new thermal power plant on the territory  adjacent to the Yerevan TPP.

Giovanni Roubini noted with satisfaction that all work is carried out  in accordance with the schedule.

Karen Karapetyan noted the importance of this program worth $ 280  million, noting that it is of great importance in terms of  replenishing the energy system of Armenia with modern and efficient  power generation.

The Armenian government approved in March the signing of a framework  agreement on the design, development, financing, construction,  ownership and operation of the combined-cycle power plant in Yerevan.  As the Minister of Energy Infrastructures and Natural Resources of  Armenia Ashot Manukyan noted, the construction of the unit is aimed  at covering the shortage of reactive power that other stations can  not cover. 

"Investments in the construction of a 250 MW power plant will amount  to $ 250 million. It is planned that construction work will last 26  months and finish in the second half of 2019," he said. It is planned  that 900 temporary jobs will be created during the construction  period, and after putting the station into operation, about 200  permanent and highly paid jobs. The service life and maintenance of  the station is 20 years. 

According to the Minister, in 2019 it is also planned to complete the  construction of a second high-voltage power line to Iran and a  similar line to Georgia, which will lead to an increase in  electricity exports from Armenia. On March 20, Armenian President  Serzh Sargsyan participated in the ceremony of laying the capsule for  the construction of a new TPP, which will be located near the  existing Yerevan Thermal Power Plant and implemented by the company  "Renko".