ArmInfo. ECOS-M concluded an agreement with the Hrazdan Thermal Power Plant to provide electricity for the construction of a 50 MW mining center on the territory of the Free Economic Zone in Armenia. The parties also agreed on a potential increase in capacity to 200 MW.
As the press service of ECOS and Armenian Blockchain Forum reports, the mining center, whose main advantages are an autonomous electric power source, an effective management system and preferential tax conditions, is currently under construction and will be launched already in April 2018.
The creation of the farm will ensure broad access to mining - ECOS-M will create opportunities not only for large investors, but for all potential project participants, regardless of their financial capabilities. Due to an affordable source of electricity, as well as preferential tax conditions that operate on the territory of the FEZ, the platform will seriously compete with companies in the global blockbuster market.
The managing partner of ECOS-M, Ilya Goldberg, said that the first stage of the implementation of the program for the creation of a technological cluster in Armenia has been launched. He also added that in April 2018, together with the Armenian Blockchain Forum, an international forum will be held in Yerevan. Key representatives of the international blockbuster industry will attend the event. The forum will be the first global event in Armenia dedicated to blockade and artificial intelligence. Earlier, ArmInfo informed that in Armenia they will create a free economic zone, where an innovative technology center will be established - the Armenian silicone valley. According to the information of the Armenian Blockbuster Forum (ABF), the main task of the cluster will be the organization and regulation of infrastructures for the development of projects of international startups in the sphere of high technologies. The international company KPMG, which developed the rules for the development of international business, will provide consultancy and audit support. At the same time, resident companies will be exempted from VAT, as well as income taxes as part of the supply of products and services in the FEZ. In particular, within the framework of the program, educational and research projects will be implemented in cooperation with universities. According to ABF estimates, during the first year of the ecosystem's launch, about 250-300 high-paying jobs will be created, and the volume of attracted investments will reach $ 120 million. It should be noted that ABF is an information and educational platform for combining the practice of leading companies, specialists and entrepreneurs with the goal of creating favorable conditions for the development of technology companies. As part of its activities, the forum conducts international conferences, hackatons, business marathons aimed at finding new solutions, as well as educational courses, mentoring programs for the exchange of experience in the IT industry.