Tuesday, November 7 2017 16:40
Naira Badalian

The largest solar power plant launched in Armenia

The largest solar power plant launched in Armenia

ArmInfo. In Armenian Talin,  Aragatsotn district on November 7, the largest in Armenia solar power  plant with a capacity of 1 MW. The project was implemented thanks to  a group of investors (Eduard Marutyan, Araik Karapetyan, Zaven  Sargsyan and Hayk Chobanyan) and co- financed under the "Renewable  Energy Promotion" program by the German bank KfW jointly with the  German-Armenian Fund (GAF) through "Conversbank" JSC.

"After 5-6  years, while maintaining the current tariffs, the total production of  solar power plants in the country will approach 1 GW per year," said  Hayk Chobanyan, general director of Arpi Solar Company, the plant  construction contractor.

According to Chobanyan, even on a cloudy day the station generates  about 25% of the energy from the installed capacity. The advantages  of the natural and climatic conditions of Armenia are obvious, he  noted.  The solar power plant will increase the country's energy  security, reducing its dependence on hydrocarbon raw materials. Each  year of operation of the station will allow Armenia to refuse cutting  25 thousand trees.

The volume of investments invested in the project amounted to $ 1  million. The power plant covers an area of 1,800 square meters, and  its nominal capacity reaches 1 MW, which is enough to provide  electricity to 400 families. This, in turn, will meet the needs of  almost half the population of the city of Talin. The park consists of  3,700 polycrystalline solar cells that convert solar radiation into  direct current electricity. After that, it enters 14 inverters, which  convert it into alternating current. With the help of a transformer  substation, the voltage is brought to the level necessary for  transmission of electricity to a single network.  The project, as  stressed by Hayk Chobanyan, was implemented in a very short time - up  to one month: the start was given on October 18 and it took 20 days  to conduct engineering work.

According to the head of the contractor company, the investment  potential of Armenia's solar energy is quite large provided that the  current tariff for electricity generated by solar power plants is  maintained (at present, the tariff including VAT for high-voltage  networks is 51 drams). Thanks to this, as he noted, soon will be  announced the start of new power plants in 1 MW. In addition, in the  near future it is planned to implement the largest project in the  Gegharkunik area of Armenia, the solar power plant Masrik, with a  capacity of 55 MW. The company "Arpi Solar" is already announcing its  participation in the construction of a similar station in the Sevan  swimming pool.

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 would be built.  The total cost of the  program for the construction of solar power plants in Armenia is $  129 million. Of the six surveyed regions, the Spanish consulting  company Aries Engineering has already submitted feasibility studies.  They relate to the localities of Masrik in Gegharkunik Marz and  Dashtadem in Aragatsotn Marz, 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 to study the  localities, develop a feasibility study for the project, calculated  at a station of 100-120 MW capacity.

POST A COMMENT
Input digits     


News
New government-assisted employment programme launched in ArmeniaNew government-assisted employment programme launched in Armenia
Armenia`s public debt is approaching $10 billionArmenia`s public debt is approaching $10 billion
Finrating ArmInfo: Armenia`s insurance sector summed up H1 2022 with  a profit of $5.6 millionFinrating ArmInfo: Armenia`s insurance sector summed up H1 2022 with  a profit of $5.6 million
"Rossgostrakh Armenia" IC continues to lead in net insurance premiums  and claims
Negotiations on possibility of buying part of Russia`s share in  equity capital of EDB are underway with all founding countries of  BankNegotiations on possibility of buying part of Russia`s share in  equity capital of EDB are underway with all founding countries of  Bank
Number of plastic cards up as capital relocated to Armenia Number of plastic cards up as capital relocated to Armenia 
AMD 4,248,945 to AMD 4,248,945 to "QaylTech": The August beneficiary of "The Power of One Dram" is "The Rehabilitation City of Heroes" - psychological rehabilitation center
Airlines, hotels, banks, rental and leasing sectors registered  significant increase in service volumes in ArmeniaAirlines, hotels, banks, rental and leasing sectors registered  significant increase in service volumes in Armenia
Cargo traffic down, passenger traffic up in Armenia in first half,  2022Cargo traffic down, passenger traffic up in Armenia in first half,  2022
Growth of trade sector was facilitated by increase in activity in  wholesale and car trade marketsGrowth of trade sector was facilitated by increase in activity in  wholesale and car trade markets
4.5% increase in proceeds of Armenia`s communication sector in first  half 20224.5% increase in proceeds of Armenia`s communication sector in first  half 2022
188,856 tourists visit Armenia this July188,856 tourists visit Armenia this July
Accelerated growth of Armenian industrial sector was driven by  processing industryAccelerated growth of Armenian industrial sector was driven by  processing industry
Veolia Djur proposes to raise water tariff in ArmeniaVeolia Djur proposes to raise water tariff in Armenia
State Revenue Committee of Armenia starts active administration in  pursuance of law State Revenue Committee of Armenia starts active administration in  pursuance of law " On Non-Cash Transactions"
Armenia`s premier calls for revising economic programmes Armenia`s premier calls for revising economic programmes 
EDB to allocate $25 million to implement Armenia`s largest livestock  programEDB to allocate $25 million to implement Armenia`s largest livestock  program
Double-digit growth in economic activity in Armenia is accompanied by  surge in imports and exportsDouble-digit growth in economic activity in Armenia is accompanied by  surge in imports and exports
Armenian business forum to be held in Yerevan for second timeArmenian business forum to be held in Yerevan for second time
Production of aluminum foil in Armeniaincreased by 8% in June 2022Production of aluminum foil in Armeniaincreased by 8% in June 2022
Metallurgy industry of Armenia sums up H1 2022 with a 7% declineMetallurgy industry of Armenia sums up H1 2022 with a 7% decline
EDB: Armenia ranks first among member countries with small economies  in current investment portfolio of EDB EDB: Armenia ranks first among member countries with small economies  in current investment portfolio of EDB 
EADB to allocate $37mln for construction of 11 solar power stationsEADB to allocate $37mln for construction of 11 solar power stations
Apartments in Yerevan rose in price by 5.4% in Q2, with increase in  transactions for their purchase and sale by 30.8%Apartments in Yerevan rose in price by 5.4% in Q2, with increase in  transactions for their purchase and sale by 30.8%
 Further rise in food prices in Armenia  Further rise in food prices in Armenia 
Loan payoff with another bank via AppLoan payoff with another bank via App
Deputy Minister: 12 more lanes added to 13 existing lanes of Upper  Lars checkpointDeputy Minister: 12 more lanes added to 13 existing lanes of Upper  Lars checkpoint
Ferry communication to be launched this month - minister Ferry communication to be launched this month - minister 
Armenia is among the TOP-5 destinations for Russian tourists this  autumArmenia is among the TOP-5 destinations for Russian tourists this  autum
Austria to invest in Armenia`s SyunikAustria to invest in Armenia`s Syunik
Gyumri Breeding Station reports three-fold growth in barley output Gyumri Breeding Station reports three-fold growth in barley output 
CBA: In February-June 2022, demand deposits of non-residents  increased significantly in Armenian banksCBA: In February-June 2022, demand deposits of non-residents  increased significantly in Armenian banks
CBA: High demand leads to the expansion of the inflationary  environment and maintenance of high inflation expectations, but dram  appreciation partially neutralizes the price increaseCBA: High demand leads to the expansion of the inflationary  environment and maintenance of high inflation expectations, but dram  appreciation partially neutralizes the price increase
Minister: The share of the mining industry in the total volume of  Armenia`s exports has decreasedMinister: The share of the mining industry in the total volume of  Armenia`s exports has decreased
Statistical data, real situation in agricultural sector different -  minister Statistical data, real situation in agricultural sector different -  minister 
FLYONE ARMENIA launches flights to Domodedovo International AirportFLYONE ARMENIA launches flights to Domodedovo International Airport
Armenia, Iran deepen cooperation in mining industryArmenia, Iran deepen cooperation in mining industry
CBA raises refinancing rate from 9.25% to 9.5% CBA raises refinancing rate from 9.25% to 9.5% 
23.9% rise in petrol prices in Armenia in first half of 2022 23.9% rise in petrol prices in Armenia in first half of 2022 
Armenia meets Russia`s brand demandArmenia meets Russia`s brand demand
Armenia is not ready to open the land border with Turkey: ExpertArmenia is not ready to open the land border with Turkey: Expert
Armenia, Qatar discuss possible areas of bilateral cooperationArmenia, Qatar discuss possible areas of bilateral cooperation
Massive arrival of Russians to Armenia, along with movement of their  capital, ensured 7-multifold increase in net inflow of remittances  from Russia in Q2 2022Massive arrival of Russians to Armenia, along with movement of their  capital, ensured 7-multifold increase in net inflow of remittances  from Russia in Q2 2022
Ardshinbank offers a new type of loan for small and medium enterprises.Ardshinbank offers a new type of loan for small and medium enterprises.
Armenia among priority partners of Austrian Development AgencyArmenia among priority partners of Austrian Development Agency
International reserves of Armenia reaches historical maximum by July  2022International reserves of Armenia reaches historical maximum by July  2022
More funds for government-sponsored medical services More funds for government-sponsored medical services 
South Caucasus Railway delivers production equipment from Yerevan to  KrasnodarSouth Caucasus Railway delivers production equipment from Yerevan to  Krasnodar
4% inflation expected in Armenia in medium-term 4% inflation expected in Armenia in medium-term 
Ameriabank leads in list of largest taxpaying banks in ArmeniaAmeriabank leads in list of largest taxpaying banks in Armenia
Armenia`s communication companies pay 25% less as taxes to budget in  1st half of 2022Armenia`s communication companies pay 25% less as taxes to budget in  1st half of 2022
Over 500 Armenian servicemen to benefit from soft lending programmeOver 500 Armenian servicemen to benefit from soft lending programme
Washington to allocate $120mln to Armenia for democratic development,  economic stabilityWashington to allocate $120mln to Armenia for democratic development,  economic stability
17.1% increase in food prices significantly affected low-income  citizens of Armenia - study17.1% increase in food prices significantly affected low-income  citizens of Armenia - study
Armenia, Ethiopia consider development of cooperation in e-governance  and technology educationArmenia, Ethiopia consider development of cooperation in e-governance  and technology education
Armenian assets of GeoProMining Group of Compaines significantly  increase payments to state budgetArmenian assets of GeoProMining Group of Compaines significantly  increase payments to state budget
Vardan Aramyan pointed to risks for Armenia`s GDP and loss of  potential of Russian economy amid IMF`s Vardan Aramyan pointed to risks for Armenia`s GDP and loss of  potential of Russian economy amid IMF`s "Gloomy and More Uncertain"  forecast
Armenia`s vice-premier hosts AMD company vice-presidents Armenia`s vice-premier hosts AMD company vice-presidents 
MFA: Sanctions against Russia have their negative direct or indirect  impact on Armenia`s economic development MFA: Sanctions against Russia have their negative direct or indirect  impact on Armenia`s economic development 
Mirzoyan, Lipavsky note need to fully realize potential of trade and  economic bilateral relationsMirzoyan, Lipavsky note need to fully realize potential of trade and  economic bilateral relations
Read more


Exchange rates
19.08.2022
RUB6.870.04
USD405.15-0.64
EUR407.50-5.31
GBP479.66-9.52
CAD311.97-2.79
JPY29.61-0.40
CNY59.52-0.33
CHF423.53-2.23