Friday, October 20 2017 19:56
Alexandr Avanesov

Minister: Armenia`s energy system is able to receive only 70 MW of electricity from the country`s solar energy facilities

Minister: Armenia`s energy system is able to receive only 70 MW of electricity from the country`s solar energy facilities

ArmInfo. The energy system of Armenia is able to receive only 70 MW of electricity from solar energy facilities of the country. The Minister of Energy Infrastructures and Natural Resources of Armenia Ashot Manukyan stated this at a press conference in Yerevan on February 20.

According to him, solar energy is an inexhaustible source of energy, but the lack of accumulating devices in Armenia does not allow full implementation of this program. In this connection, in Yerevan, the latest developments of Australian specialists are being closely studied, they intend to build solar energy facilities with a total capacity of 100 MW with the use of accumulating devices. If the program is successful and its price is acceptable, the use of Australian experience in Armenia is also possible. The Minister noted that today it is possible to gird Armenia's entire network of solar power plants, but without accumulating the cost of electricity produced from these generation facilities will be equated to the price of gold, since at night there can be no talk of any electricity generation by solar power plants. Hrazdan thermal power plant can be used at night in Armenia, the cost of electricity with which is the highest in the country.

It is for this reason that the government of the Republic of Armenia decided to build a solar power plant of industrial importance in the place "Masrik" with a total installed capacity of 55 megawatts, issued 11 licenses for the construction of 10 photovoltaic stations with a total capacity of 10 MW. "Thus, we can build solar stations with a maximum of another 5 MW," A. Manukyan said. As for the power plant "Masrik", the results of the tender for its construction will be known in a few months.

As ArmInfo informed earlier, 10 companies and one consortium overcame the prequalification stage of the tender for the construction of a solar power station MasRik-1 in Armenia. The evaluation commission made a similar kind of decision. According to Deputy Minister of Energy Infrastructures and Natural Resources Hayk Harutyunyan, the remaining 10 packages of the contest participants did not meet the presented conditions. In the second stage of the competition, companies from the Netherlands, the USA, Korea, Germany and a number of other countries took part. All represented companies are known in the international energy market. This is TBEA Xinjiang Sunoasis Co., Ltd, China - Subsolar Energy Holding LLC, the Netherlands, Phelan Energy Group Limited, South Africa - Korea Electric Power Corporation, Shapoorji Pallonji Infrastructure Capital Company Private Limited, India - Risen Energy Co. Ltd. Limited, China, Metka, Greece -Energy Phoenix, Lebanon, Access Infra Central Asia Limited, UAE - Eren Renewable Energy SA, France - TSK Electronica, Spain, Fotowatio Renewable Ventures BV, Netherlands, -FSL Solar SL, Country: Spain, Acciona Energia SAU, Spain, Building Energy Development Africa, Italy - H1 Holdings (Pty) Ltd, South Africa, Sky Power Global, Cayman -Enerparc Projects GMBH, Germany, CountourGlobal LP, Cayman Islands). "At the second stage, the prequalified companies will compete with each other around the price offers, the ministry will give its preference to the company or to the consortium that will present the lowest and most competitive price offer," said Hayk Hartyunyan, adding that the second stage of the competition will be announced in September of the year. The entire tender process will be completed early next year and construction of a 55 MW solar power plant will commence. It is expected that in early 2018 the station will begin to generate electricity. Recall that 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 solar power stations with a capacity of up to 110 megawatts in various regions of Armenia. Of the 6 surveyed areas in 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, 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 offers the minimum tariff. The climate investment fund for the development of alternative energy provided Armenia $ 28 million, of which $ 2 million - a grant and $ 26 million - 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.


News
Banks of Armenia increased tax deductions to state treasury in 2021,  after decline in 2020Banks of Armenia increased tax deductions to state treasury in 2021,  after decline in 2020
Armenian banks managed to significantly increase net profit in 2021Armenian banks managed to significantly increase net profit in 2021
Tax payments: INGO Armenia leader of Armenia`s insurance sector Tax payments: INGO Armenia leader of Armenia`s insurance sector 
Ameriabank. The Largest Taxpayer among Armenian Banks  According to the Results of Year 2021Ameriabank. The Largest Taxpayer among Armenian Banks According to the Results of Year 2021
Pashinyan: The construction of the  Yeraskh-Julfa-Ordubad-Meghri-Horadis railway is not a heavy burden  for Armenia from a financial point of viewPashinyan: The construction of the  Yeraskh-Julfa-Ordubad-Meghri-Horadis railway is not a heavy burden  for Armenia from a financial point of view
Armenian telecom operators increased tax payments to state treasury  by 14% in 2021Armenian telecom operators increased tax payments to state treasury  by 14% in 2021
Armenia`s budget assistance to Artsakh in 2022 will amount to about  300 million US dollarsArmenia`s budget assistance to Artsakh in 2022 will amount to about  300 million US dollars
Zangezur Copper-Molybdenum Combine topped list of largest taxpayers  in ArmeniaZangezur Copper-Molybdenum Combine topped list of largest taxpayers  in Armenia
EBRD to provide US$25 million to Ameriabank under SMEs, WiB  programmes in ArmeniaEBRD to provide US$25 million to Ameriabank under SMEs, WiB  programmes in Armenia
Economist: Armenia`s export structure has degraded greatly over the  past 20 yearsEconomist: Armenia`s export structure has degraded greatly over the  past 20 years
We should consider opening roads with Turkey also in terms of  opportunitiesWe should consider opening roads with Turkey also in terms of  opportunities
David Papazian appointed Chairman of Board of Fly Arna  Armenia`s  national airlineDavid Papazian appointed Chairman of Board of Fly Arna  Armenia`s  national airline
Armenia simplifies licensing for number of activities for foreign  companiesArmenia simplifies licensing for number of activities for foreign  companies
Armenia once again extended embargo on scrap metal exports Armenia once again extended embargo on scrap metal exports 
NDU and Central Depository of Armenia signed a memorandum of cooperationNDU and Central Depository of Armenia signed a memorandum of cooperation
Moody`s assigns Ba3 IFSR to Export Insurance Agency of Armenia with  stable outlookMoody`s assigns Ba3 IFSR to Export Insurance Agency of Armenia with  stable outlook
Expert: Armenia will never be able to have a positive trade balance  with TurkeyExpert: Armenia will never be able to have a positive trade balance  with Turkey
Promise of Deputy Prime Minister: The price of gas will not increase  for socially disadvantaged groupsPromise of Deputy Prime Minister: The price of gas will not increase  for socially disadvantaged groups
First Istanbul-Yerevan flight of Pegasus Airlines is scheduled for  February 2First Istanbul-Yerevan flight of Pegasus Airlines is scheduled for  February 2
CMTPL e-policies continue to grow rapidly in Armenia, approaching  quarter of total number of contractsCMTPL e-policies continue to grow rapidly in Armenia, approaching  quarter of total number of contracts
Dairy products with milk fat substitutes and/or other additives will  be placed on separate store shelves in Armenia: ProjectDairy products with milk fat substitutes and/or other additives will  be placed on separate store shelves in Armenia: Project
Armenia`s Public Service Regulatory Commission approves sale of Filor Ventures Limited, Rostelecom`s  only foreign assetArmenia`s Public Service Regulatory Commission approves sale of Filor Ventures Limited, Rostelecom`s  only foreign asset
Hovhannes Khachatryan elected Deputy Head of Central Bank of ArmeniaHovhannes Khachatryan elected Deputy Head of Central Bank of Armenia
In 2021, EBRD portfolio in Armenia was record-breaking-$175 millionIn 2021, EBRD portfolio in Armenia was record-breaking-$175 million
Expert: Rise in energy prices in Armenia is a consequence of wrong,  uncalculated decisions of the authoritiesExpert: Rise in energy prices in Armenia is a consequence of wrong,  uncalculated decisions of the authorities
Economy Ministry announces launch of program to assist textile  industry in ArmeniaEconomy Ministry announces launch of program to assist textile  industry in Armenia
Government is preparing programs to support domestic producers in  view of lifting of embargo on Turkish importsGovernment is preparing programs to support domestic producers in  view of lifting of embargo on Turkish imports
Armenian NPP and Rusatom Overseas to sign Memorandum of UnderstandingArmenian NPP and Rusatom Overseas to sign Memorandum of Understanding
Vahagn Khachatryan to head Armenian-Bulgarian intergovernmental  commission on economic and scientific-technical cooperationVahagn Khachatryan to head Armenian-Bulgarian intergovernmental  commission on economic and scientific-technical cooperation
Minister of Health of Armenia will head intergovernmental commission  on trade and economic cooperation with LithuaniaMinister of Health of Armenia will head intergovernmental commission  on trade and economic cooperation with Lithuania
Ministry of Economy: Armenia intends to reach 7% economic growth in  2022Ministry of Economy: Armenia intends to reach 7% economic growth in  2022
Labor productivity in Armenia is lower than EAEU averageLabor productivity in Armenia is lower than EAEU average
Acba Bank Brings Apple Pay to Customers. A safer, more secure and private way to pay with iPhone and Apple WatchAcba Bank Brings Apple Pay to Customers. A safer, more secure and private way to pay with iPhone and Apple Watch
By the end of 2022, inflation in Armenia will decrease to 4 +/-1.5%:  Candidate for Deputy Governor of Central BankBy the end of 2022, inflation in Armenia will decrease to 4 +/-1.5%:  Candidate for Deputy Governor of Central Bank
 Converse Bank Brings Apple Pay to Customers  A safer, more secure and private way to pay with iPhone and Apple Watch Converse Bank Brings Apple Pay to Customers A safer, more secure and private way to pay with iPhone and Apple Watch
Armenia`s premier chairs discussion of wine industry development  prospects  Armenia`s premier chairs discussion of wine industry development  prospects  
Ardshinbank Brings Apple Pay to CustomersArdshinbank Brings Apple Pay to Customers
Cash circulation to be restricted in Armenia from July 1, 2020Cash circulation to be restricted in Armenia from July 1, 2020
Environmental protection ARMENAL`s priorityEnvironmental protection ARMENAL`s priority
Armenia`s Minister of Economy appointed Armenian-Moldavan Economic Cooperation Commission co- chairArmenia`s Minister of Economy appointed Armenian-Moldavan Economic Cooperation Commission co- chair
Armenia`s minister of economy appointed co-chair of Armenian-Kazakh Economic Cooperation  CommissionArmenia`s minister of economy appointed co-chair of Armenian-Kazakh Economic Cooperation  Commission
Armenia`s Minister of Economy appointed co-chair of Armenian-Kyrgyz Economic Cooperation  CommissionArmenia`s Minister of Economy appointed co-chair of Armenian-Kyrgyz Economic Cooperation  Commission
In 2021, the number of subvention programs in Armenia exceeded the  two-year figureIn 2021, the number of subvention programs in Armenia exceeded the  two-year figure
ANIF Fund will invest about USD 1.4 million in transport and cargo  transportation fieldANIF Fund will invest about USD 1.4 million in transport and cargo  transportation field
Food Safety Inspectorate of Armenia imposes restrictions on import of  number of goods from Kazakhstan, Russia, Czech Republic and PolandFood Safety Inspectorate of Armenia imposes restrictions on import of  number of goods from Kazakhstan, Russia, Czech Republic and Poland
Only 5.5% of the highway was built under North-South program in 12  yearsOnly 5.5% of the highway was built under North-South program in 12  years
President of Armenia at meeting with Executive Director of Mubadala  noted Armenia`s interest in investments from  UAEPresident of Armenia at meeting with Executive Director of Mubadala  noted Armenia`s interest in investments from  UAE
The influx of foreign investment in the Armenian economy grew by  October 2021 due to a jump in FDIThe influx of foreign investment in the Armenian economy grew by  October 2021 due to a jump in FDI
EDB analysts presented the first in this year macroeconomic review:  Economic activity in Armenia increased by 5.2%EDB analysts presented the first in this year macroeconomic review:  Economic activity in Armenia increased by 5.2%
Armenian president`s visit results: Wizz Air Abu Dhabi to start  flights to YerevanArmenian president`s visit results: Wizz Air Abu Dhabi to start  flights to Yerevan
Armenia`s president meets with Masdar company CEOArmenia`s president meets with Masdar company CEO
The price of gas at the border in 2022 was regulated by an additional  agreement to the contract of 2013 - Ministry of Territorial  Administration and InfrastructuresThe price of gas at the border in 2022 was regulated by an additional  agreement to the contract of 2013 - Ministry of Territorial  Administration and Infrastructures
Vahan Kerobyan will head Armenian-Belarusian intergovernmental  commission on economic cooperation from Armenian sideVahan Kerobyan will head Armenian-Belarusian intergovernmental  commission on economic cooperation from Armenian side
Fly Arna, Armenia s national airline plans to launch air flights at  the end of MayFly Arna, Armenia s national airline plans to launch air flights at  the end of May
Gnel Sanosyan to head the Armenian-Turkmen intergovernmental  commission on economic cooperation from the Armenian sideGnel Sanosyan to head the Armenian-Turkmen intergovernmental  commission on economic cooperation from the Armenian side
Pashinyan formed working group for effective implementation of work  on construction program of small- medium reservoirsPashinyan formed working group for effective implementation of work  on construction program of small- medium reservoirs
Export of goods up to one million drams in Armenia will be exempt  from customs dutiesExport of goods up to one million drams in Armenia will be exempt  from customs duties
Armenia`s government grants loan to Armenian NPP Armenia`s government grants loan to Armenian NPP 
FLYONE ARMENIA launches Yerevan-Istanbul-Yerevan flightsFLYONE ARMENIA launches Yerevan-Istanbul-Yerevan flights
Armenian government to increase funding for subvention programs in  border communitiesArmenian government to increase funding for subvention programs in  border communities
Read more


Exchange rates
26.01.2022
RUB6.10-0.04
USD482.470.21
EUR544.520.24
GBP651.721.63
CAD383.671.95
JPY42.27-0.01
CNY76.280.24
CHF524.31-0.17