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
December 2025 Securities Market Data at the Armenia Stock ExchangeDecember 2025 Securities Market Data at the Armenia Stock Exchange
Strategic competition is growing between the US and ChinaStrategic competition is growing between the US and China
More tourists in Armenia last year as compared with 2024 More tourists in Armenia last year as compared with 2024 
Telegram suffered a $500 million bond freeze in Russia due to Western sanctionsTelegram suffered a $500 million bond freeze in Russia due to Western sanctions
Copper Prices to Continue Rising in 2026Copper Prices to Continue Rising in 2026
Trump is developing a large-scale plan to control Venezuelan oilTrump is developing a large-scale plan to control Venezuelan oil
Analysts predict a growth trend for the Chinese stock market in 2026Analysts predict a growth trend for the Chinese stock market in 2026
RBC: Jim Rogers sold all his US shares and invested in UzbekistanRBC: Jim Rogers sold all his US shares and invested in Uzbekistan
Even AMD 20,000-rise in pensions would not resolve pensioners`  problems - premier Even AMD 20,000-rise in pensions would not resolve pensioners`  problems - premier 
Armenia and Azerbaijan exploring mutual trade opportunitiesArmenia and Azerbaijan exploring mutual trade opportunities
216,000 less Russians visit Armenia in 2025216,000 less Russians visit Armenia in 2025
Armenia to spend about $169mln on tourism development until 2030Armenia to spend about $169mln on tourism development until 2030
One more consignment of Azerbaijani petrol to arrive in Armenia soon  - minister One more consignment of Azerbaijani petrol to arrive in Armenia soon  - minister 
Share of goods declarations issued under `Green Corridor` procedure  increased by 16.6 percentage pointsShare of goods declarations issued under `Green Corridor` procedure  increased by 16.6 percentage points
Government return to 636 citizens funds paid in customs duties for  import of electric vehicles - minister Government return to 636 citizens funds paid in customs duties for  import of electric vehicles - minister 
Armenia`s Cabinet approves Doctrine of Economic and Institutional  Transformation of ArmeniaArmenia`s Cabinet approves Doctrine of Economic and Institutional  Transformation of Armenia
Armenia collected approximately AMD 5bln in taxes in 2025Armenia collected approximately AMD 5bln in taxes in 2025
Cashback for pensioners and beneficiaries may increase from 20% to  22%Cashback for pensioners and beneficiaries may increase from 20% to  22%
Electronic employment contracts take effect from Jan 1, 2026Electronic employment contracts take effect from Jan 1, 2026
AraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan CanalAraratBank Donates AMD 8 million to the Reconstruction of the Spandaryan Canal
Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation Growth of economic activity in Armenia is due to unstable factors -  Luys Foundation 
New Education Platforms through Cooperation between AraratBank and Aren Mehrabyan FoundationNew Education Platforms through Cooperation between AraratBank and Aren Mehrabyan Foundation
RA CB forecasts GDP growth of 6.3-4.1% in 2026RA CB forecasts GDP growth of 6.3-4.1% in 2026
RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier RA State Revcnue Committee is supporting businesses in properly  organizing their operation - premier 
Armenian economy minister on country`s export and import plans with  Azerbaijan Armenian economy minister on country`s export and import plans with  Azerbaijan 
2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister2% cashback for all ArCa cardholders not to apply to cashless  purchases from foreign businesses, says Deputy Finance Minister
Armenia has for many years been importing oil products from Turkiye -  expert Armenia has for many years been importing oil products from Turkiye -  expert 
RA health minister ready for joint programs with EAEU partners RA health minister ready for joint programs with EAEU partners 
 Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan Roundtable discussion `Kazakhstan-Armenia: Dialogue in Tourism` held  in Yerevan
Armenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possibleArmenia hopes for Russia to restore railway connection with  Nakhchivan, Azerbaijan and Turkiye as soon as possible
Government ready to assist business contacts between Armenia,  Azerbaijan - Armenian premierGovernment ready to assist business contacts between Armenia,  Azerbaijan - Armenian premier
Armenian premier on forecast of GDP growth in 2026Armenian premier on forecast of GDP growth in 2026
Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025Index of prices for industrial prices 103.6% in Armenia in Jan-Nov  2025
Armenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cardsArmenian government approves measures and procedures for cashback on  non-cash transactions using ArCa NPS cards
AraratBank Receives Visa Trusted Partnership Award 2025AraratBank Receives Visa Trusted Partnership Award 2025
Exponential growth in economic activity in Armenia on New Year eve Exponential growth in economic activity in Armenia on New Year eve 
Armenia to have Kap reservoir and new village - premier Armenia to have Kap reservoir and new village - premier 
RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company RA Ministry of High-Tech Industry to expand cooperation with  Eleveight AI company 
Armenian government extends ban on export of some agricultural  products Armenian government extends ban on export of some agricultural  products 
Ban on export of whitefish caviar to be extended for six months Ban on export of whitefish caviar to be extended for six months 
Armenia and Israel discuss prospects for expanding economic  cooperationArmenia and Israel discuss prospects for expanding economic  cooperation
2% cashback to be refunded to ArCa local cards in Armenia from 20262% cashback to be refunded to ArCa local cards in Armenia from 2026
IDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary childrenIDBank Employees’ New Year Gifts for “Hayordi” Foundation beneficiary children
Armenian, German taxation systems discussed at RA State Revenue  CommitteeArmenian, German taxation systems discussed at RA State Revenue  Committee
Armenian economy minister comments on Azerbaijani petrol price in  Armenia Armenian economy minister comments on Azerbaijani petrol price in  Armenia 
RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company RA Ministry of Territorial Administration and Infrastructure seeking  candidate for position of acting general director of Construction of  a New Nuclear Power Plant company 
WB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in ArmeniaWB approves US $250 million in financing for Housing and Mortgage  Market Improvement Project in Armenia
EEC Board approves topic on consumer rights protection in EAEU  countriesEEC Board approves topic on consumer rights protection in EAEU  countries
Russia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premierRussia is considering supplying fertilizer to Armenia via Azerbaijan  - vice-premier
FLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flightsFLYONE ARMENIA launches Yerevan-Amsterdam-Yerevan flights
Kaps reservoir construction suspended Kaps reservoir construction suspended 
Yerevan`s 2026 budget estimate ready Yerevan`s 2026 budget estimate ready 
Media: Grain from Volgograd to be delivered to Armenia via AzerbaijanMedia: Grain from Volgograd to be delivered to Armenia via Azerbaijan
MSMEs share in Armenia`s GDP increased from 31% to 34% in one year MSMEs share in Armenia`s GDP increased from 31% to 34% in one year 
WizzAir to launch direct flights between Yerevan and London starting  in summer 2026WizzAir to launch direct flights between Yerevan and London starting  in summer 2026
Scholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” ProgramScholarship for 100 Artsakh Students as Part of IDBank’s “Side by Side” Program
EAEU leaders agree on approaches to developing trade with their key  partners in medium termEAEU leaders agree on approaches to developing trade with their key  partners in medium term
Kılıç: Turkish Airlines will begin daily flights on the Istanbul-Yerevan-Istanbul route from March 11, 2026.Kılıç: Turkish Airlines will begin daily flights on the Istanbul-Yerevan-Istanbul route from March 11, 2026.
Armenia proposes Egypt to consider opening  TUMO centerArmenia proposes Egypt to consider opening  TUMO center
Mining remains a social pillar of Armenia`s regions - studyMining remains a social pillar of Armenia`s regions - study
Read more
Exchange rates
08.01.2026
RUB4.740.00
USD381.39-0.36
EUR445.43-0.76
GBP512.86-2.39
CAD274.95-1.58
JPY24.34-0.05
CNY54.620.02
CHF478.59-1.06