Friday, December 22 2017 12:45

Armenia celebrates Energy Day

ArmInfo. December 22 in  Armenia is celebrated as the Day of Energy.

Ashot Manukyan, Minister of Energy Infrastructures and Natural  Resources of the Republic of Armenia, stressed that this day is not  only a good opportunity to congratulate each other on a professional  holiday, but also to look at the past, evaluate what has been done  and talk about the prospects. "In this context, we really have  something to say, because only last year we managed to implement a  number of programs of strategic importance," the minister said,  mentioning, in particular, a major program to extend the life of the  second power unit of the Armenian NPP, which is carried out on credit  and grant resources of the Russian Federation.

In addition, Ashot Manukyan stressed the importance of the program  implemented by the US partners in the construction of the Shnokh HPP  with a capacity of 76 MW. "Within the framework of public-private  partnership, design and estimate works have begun, and as a result,  we will get another power plant that will fully use the water  potential of the Debed River," the minister said.

Together with the American companies General Electric, work began on  the modernization of the Yerevan TPP, as a result of which the  capacity of the operating unit will increase by 7 MW, and the  efficiency will increase by 1%.

With the financing of the German KfW bank, the construction of a new  electricity transmission line Armenia-Georgia will begin next year,  and together with the Italian company Renko, work began on the  construction of a second power unit of the Yerevan TPP with a steam  generator set, the efficiency of which will be 53%.

This year, the minister continued, the first three solar power plants  of industrial importance were commissioned. In total, 128  photovoltaic solar stations have already been installed in Armenia.  The process of liberalization of the electricity market began in the  country, a free-market operator was formed, network rules and a  schedule of market liberalization were approved.

At the initiative of the Tashir Group of Companies, the  implementation of the largest investment program started in the  "Electric Networks of Armenia", the construction of the third  Iran-Armenia power line was resumed.

"As a result of the implementation of all these projects, the  structure of electricity production will change in the country, the  volumes of own generation sources from renewable and alternative  energy facilities will be brought up to 50%, and the gas volumes  needed to produce 1 kWh of electricity from thermal blocks will be  reduced by 20% the specific meaning of nuclear energy will increase  significantly, all of which will ensure the energy security of our  country, and the implementation of the North-South energy corridor  project will increase the regional importance of Armenia, "the  minister said in his message.

Ashot Manukyan stressed that Armenia is closely monitoring the  development of technologies in the field of nuclear and solar energy,  the application of which will lead to a revolution in this field. "We  are not lagging behind the processes taking place in the world and  are confident that their application will lead to the provision of a  new quality of energy security in Armenia," the minister stressed.

He recalled that in the expiring year Armenia assumed the  chairmanship of the Board of Governors of the International Atomic  Energy Agency. "Our country once again assures the world of its  intentions to develop not only nuclear, but also green energy," the  Minister of Energy Infrastructures and Natural Resources of Armenia  said.

POST A COMMENT
Input digits     


News
ARARATBANK resumes payment of dividends in 2022 and plans new issue  of sharesARARATBANK resumes payment of dividends in 2022 and plans new issue  of shares
At the end of 2021, EDB investment portfolio reached USD 4.5 billionAt the end of 2021, EDB investment portfolio reached USD 4.5 billion
Business community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dramBusiness community of Armenia calls on economic authorities to take  urgent measures to rescue businesses that suffered greatly from sharp  revaluation of dram
Armenian NPP has been connected to country`s national gridArmenian NPP has been connected to country`s national grid
Armenian Deputy PM took part in meeting of EDB CouncilArmenian Deputy PM took part in meeting of EDB Council
Rustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in YerevanRustam Badasyan proposed to WCO Secretary General to hold 6th Global  Canine Forum in Yerevan
Armenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs mattersArmenia, Korea stress necessity to conclude intergovernmental  agreement on cooperation in customs matters
FLY BAGHDAD launches Baghdad-Yerevan-Baghdad flightsFLY BAGHDAD launches Baghdad-Yerevan-Baghdad flights
Armenia`s exchange market oversupplied with US dollars - expert Armenia`s exchange market oversupplied with US dollars - expert 
Opening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - KerobyanOpening of the second customs zone on Upper Lars will increase the  throughput capacity of the checkpoint by 30% - Kerobyan
FLYONE ARMENIA sends its 100.000th passenger on flightFLYONE ARMENIA sends its 100.000th passenger on flight
Fly Arna office opened at Zvartnots International AirportFly Arna office opened at Zvartnots International Airport
Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message Different prices for same product or service can not be set,  depending on method of payment, cash or non-cash -CBA  message 
ARARATBANK to act as a major sponsor of UAV contest in ArmeniaARARATBANK to act as a major sponsor of UAV contest in Armenia
Armenia can achieve economic growth of 7-9% in 2022Armenia can achieve economic growth of 7-9% in 2022
Armenia`s authorities to invest in new capital programmes Armenia`s authorities to invest in new capital programmes 
Registered jobs and taxes on them are again unprecedented in Armenia Registered jobs and taxes on them are again unprecedented in Armenia 
Inflation in Armenia is a social catastrophe: EconomistInflation in Armenia is a social catastrophe: Economist
Competition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oilCompetition Protection Commission of Armenia on how exchange rate  affected cost of granulated sugar and sunflower oil
Orion Summit 2022: The main challenge for Armenia is a change in  mindsetOrion Summit 2022: The main challenge for Armenia is a change in  mindset
EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup EPIC announces start of accepting applications for participation in  Entrepreneurship World Cup 
ACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 yearsACBA Leasing has rebranded and intends to double its leasing  portfolio in next 2 years
EDB launches EDB launches "Jobs in EAEU" app, presenting it to heads of  governments of EAEU 
EAEU countries agreed to lay Southern Railway in ArmeniaEAEU countries agreed to lay Southern Railway in Armenia
Competition Protection Commission: Over the past 12 months, diesel  fuel and flour have risen in price in Armenia Competition Protection Commission: Over the past 12 months, diesel  fuel and flour have risen in price in Armenia 
Heads of governments of EAEU countries sign cooperation documentsHeads of governments of EAEU countries sign cooperation documents
Asphalt carpet is being laid along the Lanjik-Gyumri section under  the North-South Asphalt carpet is being laid along the Lanjik-Gyumri section under  the North-South 
Ensuring food security remains one of the most important tasks for  the EAEU countries in the context of the challenges: PashinyanEnsuring food security remains one of the most important tasks for  the EAEU countries in the context of the challenges: Pashinyan
CBA applied sanctions against exchange offices for anticompetitive  practicesCBA applied sanctions against exchange offices for anticompetitive  practices
Armenia records lowest inflation among EAEU member-states Armenia records lowest inflation among EAEU member-states 
Armenian, Georgian railways developing cooperation Armenian, Georgian railways developing cooperation 
Netcracker Technology is considering entering Armenian marketNetcracker Technology is considering entering Armenian market
Artak Kamalyan: The level of food self-sufficiency in Armenia is 73%Artak Kamalyan: The level of food self-sufficiency in Armenia is 73%
“The Power of One Dram” is 2 years old. More than 82 million drams were allocated for various initiatives“The Power of One Dram” is 2 years old. More than 82 million drams were allocated for various initiatives
VTB plans to stay in Armenian banking marketVTB plans to stay in Armenian banking market
The share of gross capital formation in GDP increased to 17% in Q1  2022 from 7.6% in 2021: Babken TunyanThe share of gross capital formation in GDP increased to 17% in Q1  2022 from 7.6% in 2021: Babken Tunyan
Transit tariff rise blow to Armenian exporters Transit tariff rise blow to Armenian exporters 
EEC expects settlements in national currencies to increaseEEC expects settlements in national currencies to increase
FLYONE ARMENIA starts operating Yerevan-Beirut-Yerevan flightsFLYONE ARMENIA starts operating Yerevan-Beirut-Yerevan flights
Armenia among most popular holiday destinations for RussiansArmenia among most popular holiday destinations for Russians
Central Bank presents digital agenda of ArmeniaCentral Bank presents digital agenda of Armenia
Metrogiprotrans to design Ajapnyak Metro stationMetrogiprotrans to design Ajapnyak Metro station
All conditions for free economic activities in Armenia - Artur  DavtyanAll conditions for free economic activities in Armenia - Artur  Davtyan
Will Armenia benefit from AMD appreciation? Will Armenia benefit from AMD appreciation? 
Leading International and Armenian Companies Focusing on Ecosystem Solutions Join Orion Summit 2022 Leading International and Armenian Companies Focusing on Ecosystem Solutions Join Orion Summit 2022 
Russia significantly increased pork exports to ArmeniaRussia significantly increased pork exports to Armenia
In 2022, Armenia has already allocated more than $10.3 million for  implementation of subvention programsIn 2022, Armenia has already allocated more than $10.3 million for  implementation of subvention programs
VTB Bank launches money transfers in national currencies to Belarus,  Kazakhstan, Armenia and AzerbaijanVTB Bank launches money transfers in national currencies to Belarus,  Kazakhstan, Armenia and Azerbaijan
Mher Grigoryan on need to increase share of national currencies in  EAEU tradeMher Grigoryan on need to increase share of national currencies in  EAEU trade
VEB.RF to support new Russian-Armenian business and economic  initiativesVEB.RF to support new Russian-Armenian business and economic  initiatives
EDB evaluates project for construction of logistics centers along  EAEU perimeterEDB evaluates project for construction of logistics centers along  EAEU perimeter
Deputy head of CBA: Armenia occupies one of the last places in  non-cash payments among the EAEU countriesDeputy head of CBA: Armenia occupies one of the last places in  non-cash payments among the EAEU countries
"Great Silk Road": It is expected to launch a tour route linking  Crimea, Kuban and Armenia
Ardshinbank offers loan refinancing on better termsArdshinbank offers loan refinancing on better terms
All talks about unblocking regional transport links worth nothing  without Julfa railway junction - Ara MarjanyanAll talks about unblocking regional transport links worth nothing  without Julfa railway junction - Ara Marjanyan
Construction work on Tatev-Aghavni road is planned to be fully  completed by autumn of this year:  SanosyanConstruction work on Tatev-Aghavni road is planned to be fully  completed by autumn of this year:  Sanosyan
CBA Head considers it wrong to condition all economic phenomena on  behavior of exchange rateCBA Head considers it wrong to condition all economic phenomena on  behavior of exchange rate
Deputy Prime Minister of Armenia does not rule out possibility of  reducing gas and electricity tariffsDeputy Prime Minister of Armenia does not rule out possibility of  reducing gas and electricity tariffs
Kerobyan: It is necessary to find ways to stop inflation by other  means, rather than an artificial revaluation of the dramKerobyan: It is necessary to find ways to stop inflation by other  means, rather than an artificial revaluation of the dram
VIVA-MTS has new CEOVIVA-MTS has new CEO
Read more


Exchange rates
24.06.2022
RUB7.67-0.07
USD408.56-2.26
EUR430.54-0.94
GBP502.731.12
CAD315.05-1.99
JPY30.25-0.10
CNY60.98-0.26
CHF426.831.33