ArmInfo.The Chinese Commercial and Industrial Bank (ICBC) is considering opportunities for making investments in the energy sector of Armenia. This became known as a result of a meeting of the Acting Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Garegin Baghramian with a delegation of the Bank, headed by the Chairman of the ICBC branch of Jiangsu Province Jan Chihang.
According to the press service of the RA Energy Ministry, during the meeting, the Acting Minister introduced the regulatory and legal framework of the energy sector to the guests.
Jan Chihang noted that the bank is interested in investment programs in the field of renewable energy in Armenia. This, in particular, is about the prospects for organizing the production of solar panels.
In this context, Garegin Baghramyan noted that the Armenian side is ready to make maximum efforts in order to implement joint projects. In order to familiarize with the investment programs of Armenia and. The Minister invited the Chinese company to participate in the Energy Week Forum, which will be held in Yerevan from November 14 to 16.
To note, active construction of solar power stations has unfolded in Armenia. The total cost of this program is $ 129 million. Within the framework of the program, it is planned to build solar stations of industrial importance with solar power up to 110 megawatts. Of the 6 surveyed locations for two, the Spanish consulting company Aries Engineering has already submitted a feasibility study. They relate to the Masrik areas in the Gegharkunik region and the Dashtad in the Aragatsotn region, and research is continuing on the other four areas.
To recall Industrial and Commercial Bank of China - the largest Chinese commercial bank. Included in the "Big Four" of the largest banks in China. It was founded in 1984, in 2005 it was transformed into a limited liability company. At the end of October 2006, the bank conducted an initial public offering of shares and raised a record $ 22 billion (the largest IPO in world history), placing 48.4 billion shares (18% of the total). Of these, 12% on the Hong Kong Stock Exchange and 6% on the Shanghai. In 2018, the bank for the sixth consecutive year tops the ranking of the largest public companies Global 2000, published annually by FORBES, with revenue of $ 165.3 billion (18th in the world), net profit of $ 43.7 billion (3rd place), assets of $ 4,210 9 billion (1st place) and a capitalization of $ 311 billion (14th place).