Wednesday, April 4 2018 13:47
Naira Badalian

Program of construction of solar power station "Masrik-1" will be completed by the end of 2019

Program of construction of solar power station "Masrik-1" will be  completed by the end of 2019

ArmInfo. The solar photovoltage  station "Masrik-1" in the community of Masrik of the Gegharkunik  region of Armenia will provide 2% of the total energy produced in the  republic.  Answering the question of ArmInfo, Deputy Minister of  Energy Resources and Natural Infrastructures Hayk Harutyunyan said at  a press conference on April 4. The construction program will start in  2019 and will be completed by the end of the year.

The Deputy Minister reminded that about 7 dozens of companies  submitted a preliminary application for participation in the  international tender for the investor's choice of the project, 20  companies submitted an application for participation in the  prequalification stage, 10 - overcame it. Already 5 of them submitted  the final application for the project. According to the results of  the international tender, the international consortium, consisting of  the world-renowned companies - the Netherlands Fotowatio Renewable  Ventures (FRV) and the Spanish FSL Solar SL, which won the  international tender, was awarded the right to build a 55-MW Masrik-1  industrial power plant in Armenia low tariff from the future solar  generation facility - $ 0.0419 of electricity without VAT or 20.11  AMD per 1 kW / h of electricity. "For comparison, I note that the  tariff for small hydropower projects in Armenia is 23.8 AMD per 1 kWh  of electricity, that is 20% more expensive," Harutyunyan said.

According to the Deputy Minister, the project is unique in that the  heliostation will be built exclusively on private sector funds, in  contrast to world practice, where the state necessarily has its  participation. In exchange, the state undertakes that within 20 years  "Electric Networks of Armenia" will purchase electricity at the  proposed tariff. At the same time, Masrik investor will provide 80  million drams to implement investment projects for his needs, and an  additional 6 million drams will be annually transferred to the  communal budget in the form of land and property taxes. In the  process of construction, an additional 50 workplaces will be created,  and in the course of operation - 20 permanent jobs. The program for  the construction of a solar power station, according to the  representative of the Ministry of Energy, broke all the stereotypes  that this type of renewable energy sources (RES) are expensive, and  it will take a lot of time to implement these technologies in  Armenia. Meanwhile, it is already obvious that the tariff offered  from this power generation facility is lower than the average tariff  and can positively influence the final consumer tariff if its share  in the total mass of electricity production is increased.

In addition, when considering applications of Fotowatio Renewable  Ventures (FRV) and FSL Solar S.L, it became clear that Armenia offers  a number of innovative solutions in the field that will significantly  increase the plant's productivity. The proposed technical solution is  a solar module on a single-axis tracking system (polar tracking - a  horizontal tracking tool), which allows you to increase by about 20%  Performance with the same installed capacity. The project will  install more than 170 thousand solar panels and 3 thousand tracking  tools Monoline 3H. Thus, if the Armenian side initially counted on  the fact that the annual volume produced the energy of the solar  station "Masrik-1" will be about 90 million Kv / h, has now adjusted  its expectations to 120 million kW / h.

POST A COMMENT
Input digits     


News
First robotic surgery performed in ArmeniaFirst robotic surgery performed in Armenia
World Bank remains reliable strategic partner in Armenia`s  infrastructure development, says MinisterWorld Bank remains reliable strategic partner in Armenia`s  infrastructure development, says Minister
In Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactionsIn Armenia`s interbank foreign exchange market from December 15 to  19, 2025, there was a decrease in dollar and ruble transactions, with  an increase in euro transactions
Train loaded with  SOCAR petroleum products arrives in ArmeniaTrain loaded with  SOCAR petroleum products arrives in Armenia
RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs RA Finance Minister, French Ambassador and AFD representative discuss  budget support programs 
RA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian borderRA Economy Minister: 22 railcars of Azerbaijani petroleum crossing  Armenian-Georgian border
Azerbaijani fuel import to Armenia  indicates  lack of economic  policy: David AnanyanAzerbaijani fuel import to Armenia  indicates  lack of economic  policy: David Ananyan
Fly Kish starts operating flights on route Tehran-Yerevan-Tehran Fly Kish starts operating flights on route Tehran-Yerevan-Tehran 
Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028Analyst: EDB sees a possible slowdown in economic growth outside the country as the primary risk for the Armenian economy in 2026-2028
Prime Minister: Train carrying petroleum products  heading from  Azerbaijan to ArmeniaPrime Minister: Train carrying petroleum products  heading from  Azerbaijan to Armenia
 RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility RA Prime Minister confirms that Hungary has lifted its veto on the  decision to allocate 20 million euros to Armenia within the framework  of  European Peace Facility
Armenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  borderArmenia  approached its Russian partners with proposal to discuss   possibility of constructing railway line from Yeraskh to  Nakhichevan  border
RA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. PetersburgRA Prime Minister of Armenia to attend  Supreme Eurasian Economic  Council Meeting  in St. Petersburg
 EDB Macroeconomic Outlook: Eurasian economies to grow to 9.3% in 2026 EDB Macroeconomic Outlook: Eurasian economies to grow to 9.3% in 2026
Converse Bank joins the Partnership for Carbon Accounting Financials Converse Bank joins the Partnership for Carbon Accounting Financials 
Mandron: EDB no longer plans to participate in  Amulsar gold deposit  development projectMandron: EDB no longer plans to participate in  Amulsar gold deposit  development project
Mandron: EDB interested in participating in Yerevan`s Ajapnyak metro  station construction projectMandron: EDB interested in participating in Yerevan`s Ajapnyak metro  station construction project
Ardshinbank Launches New Toolkit on sme.ardshinbank.am Platform for SMEsArdshinbank Launches New Toolkit on sme.ardshinbank.am Platform for SMEs
 EDB plans to increase investment in Armenia`s economy to $500 million  by the end of 2026 EDB plans to increase investment in Armenia`s economy to $500 million  by the end of 2026
 Pashinyan calls for Pashinyan calls for "resolving cash issue" and closing stores that  offer discounts for cash payments
 EDB forecasts 6% economic growth in Armenia by the end of 2025 EDB forecasts 6% economic growth in Armenia by the end of 2025
Azerbaijan to send first shipment of petroleum products to ArmeniaAzerbaijan to send first shipment of petroleum products to Armenia
Armenia  establishes tariff quotas for long-grain rice from Vietnam  as part of Free Trade Agreement between Eurasian Economic Union and  VietnamArmenia  establishes tariff quotas for long-grain rice from Vietnam  as part of Free Trade Agreement between Eurasian Economic Union and  Vietnam
Pan-Armenian competition Innovate Armenia  launchedPan-Armenian competition Innovate Armenia  launched
AraratBank Supports Digitization of AraratBank Supports Digitization of "Karin" Scientific Center Archive
Welcome to the ID booth: Big Christmas MarketWelcome to the ID booth: Big Christmas Market
Opportunities for expanding economic cooperation between Armenia and Switzerland discussed in YerevanOpportunities for expanding economic cooperation between Armenia and Switzerland discussed in Yerevan
24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan24th meeting of  Armenian-Russian Intergovernmental Commission on  Economic Cooperation  held in Yerevan
PSRC approves Gazprom Armenia`s investment program for 2026-2030PSRC approves Gazprom Armenia`s investment program for 2026-2030
Georgian PM comments on oil  product supplies from Azerbaijan to  ArmeniaGeorgian PM comments on oil  product supplies from Azerbaijan to  Armenia
RA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-monthsRA State Revenue Committee proposes to postpone  implementation of  digital systems  that ensure fulfillment of tax obligations for  six-months
Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% Central Bank of Armenia:  Refinancing rate lowered from 6.75% to 6.5% 
EIB to provide  50 million euro loan to Armenia for  implementing  EIB to provide  50 million euro loan to Armenia for  implementing  "Armenia - Sustainable Syunik" program
Armenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-KarabakhArmenia to receive $250 million loan from Asian Development Bank to  address housing needs of internally displaced persons from  Nagorno-Karabakh
Diplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practiceDiplomat: Russia  is proving its status as Armenia`s key trade and  investment partner in practice
Idcoins and idplus gift cards at Big Christmas MarketIdcoins and idplus gift cards at Big Christmas Market
The Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of SupermicroThe Minister of High-Tech Industry of Armenia discussed cooperation issues with representatives of Supermicro
American diplomat: The United States seeks to ensure Armenia`s energy independenceAmerican diplomat: The United States seeks to ensure Armenia`s energy independence
 Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister Another wheat shipment being transported to Armenia via Azerbaijan -  Economy Minister
"In Our Way" movement: What kind of winemaking center are we talking  about if Kakheti exports $200 million worth of wine, while Vayots  Dzor only exports $2 million?
Armenia  improved control of products subject to phytosanitary  supervision - RosselkhoznadzorArmenia  improved control of products subject to phytosanitary  supervision - Rosselkhoznadzor
Armenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in LondonArmenia`s mining industry potential  showcased at  Resources of  Tomorrow exhibition in London
EIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in ArmeniaEIB Global and Ardshinbank launch €100 million partnership to boost business growth and job creation in Armenia
Armenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the yearArmenia collected 2, 441.9bn drams in taxes by December 2025,  compared to planned 2, 720.3bn drams for the year
Armenia the sixth  largest exporter of fish to the Russian marketArmenia the sixth  largest exporter of fish to the Russian market
Pashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energyPashinyan visits Atom Museum in Moscow to learn about achievements in  nuclear energy
Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15Ameriabank acts as Underwriter- Intelligent Management Holding to  launch debut bond placement on December 15
Armenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom headArmenia`s Nuclear Power Plant is the best nuclear project of the  Soviet Union still operating- Rosatom head
Armenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpartArmenian vice-premier confirms discussion of export of Azerbaijani  oil products to Armenia with Azerbaijani counterpart
Globbing launches its debut issue of AMD and USD registered coupon  bonds in ArmeniaGlobbing launches its debut issue of AMD and USD registered coupon  bonds in Armenia
How to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach PlatformHow to Choose a Career Path and What Skills are Considered Crucial: AraratBank on the GoTeach Platform
Armenian businesses to receive tax deductions for donations to  educationArmenian businesses to receive tax deductions for donations to  education
Armenia to be recognized as PPR-free zoneArmenia to be recognized as PPR-free zone
Pashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member statesPashinyan reaffirms Yerevan`s willingness for mutually beneficial  collaboration  with EAEU member states
EDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  regionEDB MMI: Armenia accounts for 10.2% of all FDI attracted in  Eurasian  region
Armenian government changing procedures for conducting electronic  auctions and alienating propertyArmenian government changing procedures for conducting electronic  auctions and alienating property
More attention to be paid to solar power development  in Armenia -  Prime MinisterMore attention to be paid to solar power development  in Armenia -  Prime Minister
Pashinyan: At this phase, no discussions to leave  EAEUPashinyan: At this phase, no discussions to leave  EAEU
International wine tasting competition Concours Mondial de Brussels  2026 to be held in ArmeniaInternational wine tasting competition Concours Mondial de Brussels  2026 to be held in Armenia
Armenia`s Cabinet extends ban on export of automotive catalytic  converters.Armenia`s Cabinet extends ban on export of automotive catalytic  converters.
Read more
Exchange rates
19.12.2025
RUB4.74-0.03
USD381.47-0.03
EUR446.97-0.30
GBP510.451.03
CAD276.57-0.32
JPY24.25-0.23
CNY54.180.00
CHF479.960.09