Deadline for start of financing the Masrik-1 solar power plant  construction project has been extended by 198 days

ArmInfo. The deadline for the start of financing the Masrik-1 solar power plant construction  project has been extended by 198 days. The decision was taken at the May 2 meeting of the RA government.

As noted in the certificate - the rationale of the draft decision,  the current agreement with the company "FRV Masrik" the final date  for the start of financing the project expired on April 15 of this  year. In this regard, the company appealed to the government of the  country with a request to postpone these deadlines for the success of  this program.

To note, at the March 29 meeting, the Armenian government gave the  go-ahead for the sale of the FRV Masrik company 32.6 thousand  hectares for the construction of  an industrial solar power plant.   As noted in the reference - substantiation of the draft decision, on   December 29, 2016, the RA government decided to build and operate a   55 MW solar power plant in the Mets Masrik community of the   Gegharkunik region. The government of the country proposed that the   head of the community, after the decision entered into force, amend   the land schemes within two months, indicating energy, transport,   communications and utilities infrastructures. After completing these   procedures, within 10 days enter into an agreement with the investor.   At the same time, all the costs of notarial and state registration of   property rights impose on the company. In case of improper use of   land within six months within one year, ensure the targeted use of   agricultural land.

To note, the "FRV Masrik" company, made by a foreign consortium, will  build in the Mets Masrik community of the Gegharkunik region of  Armenia a Masrik-1  industrial-scale solar power station. The  government of the Republic  of Armenia approved the company's  application for exemption from  customs payments for imported  equipment and inventory at a meeting on  March 14.

The tender for the construction of the "Masrik-1" station  with a  capacity of 55 MW was won by a consortium of the Fotowatio  Renewable  Ventures B.V Dutch company with Spanish roots and the  Spanish FSL  Solar S.L. which, in turn, founded the  "FRV Masrik" company in  Armenia.  All the necessary infrastructure  conditions for the  construction of a modern powerful photovoltaic  station have been  created in the selected area, which will produce  120-150 million kW  / h of electricity. Earlier it was reported that  the Masrik-1 solar  power plant will provide 2% of the total energy  produced in the  country. According to estimates of specialists, the  construction of  the Masrik-1 will amount to 55 million euros, but no  official amount  has been reported on the construction of the station.   To recall,  the total cost of the program for the construction of  solar power  plants in Armenia is $ 129 million. In total, within the  framework  of the program it is planned to build solar stations with  industrial  capacity of up to 110 megawatts in various regions of  Armenia.  Of  the 6 surveyed locations for two, the Spanish consulting  "ARIES  Ingenieria> company has already submitted feasibility studies.  They  relate to the Masrik (Masrik-2) areas in the Gegharkunik region  and  the Dashtadem in the Aragatsotn region, and research is continuing on  the other four areas.