Thursday, May 16 2019 12:30

ArmInfo.FRV Masrik company invests 28bln AMD in the construction of Masrik-1 solar power station in Armenia. At the meeting, the RA government exempted the company from paying VAT on imported equipment and raw materials.

According to Minister of Economic Development and Investments of the  Republic of Armenia Tigran Khachatryan, it is planned to commission a  solar generation facility with a capacity of 55 MW in 2020. The  minister added that earlier the executive body had already exempted  FRV Masrik from paying VAT on imported equipment and inventory worth  23 billion drams. The current decision of the government is aimed at  solving problems with the remaining amount of 5 billion drams. As a  result of the program implementation, 10 new jobs will be created  with an average salary of 130 thousand drams.  To recall,on March 29,  the RA government gave the go-ahead for the sale to the FRV Masrik  company of 32.6 thousand hectares of land for the construction of an  industrial solar power plant. On December 29, 2016, it was decided to  build and operate a solar power station with a capacity of 55 MW in  the community of Mets Masrik, Gegharkuniq region of the Republic. 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 the 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  to impose on the company. In case of improper use of land within six  months within one year, ensure the targeted use of agricultural land.   It should be noted that the FRV Masrik company, created by a foreign  consortium, will build the Masrik-1 industrial power station in the  Mets Masrik community of the Gegharkunik region of Armenia. The  tender for the construction of the station "Masrik-1" with a capacity  of 55 MW was won by a consortium of the Dutch company with Spanish  roots Photowatio Renewable Ventures B.V and the Spanish FSL Solar  S.L.  which, in turn, founded the company "FRV Masrik" in Armenia.  All the necessary infrastructural 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 and 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 there is no  official announcement about the amount of investment in the  construction of the station. The total cost of the program for the  construction of solar power plants in Armenia is $ 129 million. In  total, it is planned to build solar stations with a capacity of up to  110 megawatts in various regions of Armenia. Of the 6 surveyed  locations for two, the Spanish consulting company Aries Engineering  has already submitted feasibility studies. They relate to the Masrik  (Masrik-2) areas in the Gegharkunik region and Dashtadem in the  Aragatsotn region, and research is continuing on the other four  areas.