Thursday, July 9 2020 16:34
Alexandr Avanesov

The company "Cascade Energy" in the implementation of the project to  modernize the electrical substation "Lich" will receive the right to  make purchases from one person

The company "Cascade Energy" in the implementation of the project to  modernize the electrical substation "Lich" will receive the right to  make purchases from one person

ArmInfo. The company "Cascade  Energy" in the implementation of the project to modernize the  electrical substation "Lich" will receive the right to make purchases  from one person. The corresponding decision was made at a meeting of  the RA Government on July 9.

According to the Minister of Territorial Administration and  Infrastructures of the Republic of Armenia Suren Papikyan, the  government had previously approved the construction program of the  Masrik-1 solar power plant of industrial importance. In the near  future, the construction of the station will begin. In order to  ensure uninterrupted supply of electricity from the future solar  generation facility, it became necessary to modernize the electric  substation "Lich", which is on the balance sheet of "High Voltage  Electric Networks of Armenia" CJSC. The substation, commissioned in  1961, requires radical modernization. The entire project will be  carried out at its own expense. Invitations were sent to well-known  companies such as ABB, General Electric, Siemens AG, Cascade-Energy  LLC to submit price proposals. At the invitation, only Kaskad-Energo  company presented its price offers. Other companies explained that  due to COVID-19 they were not able to fully prepare for the tender  process and act as the general contractor. The price offer of  Kaskad-Energo LLC amounted to about $ 10 million without value added  tax, but subsequently the company agreed to reduce the price offer to  $ 8, 858 million. About 70% of the total cost of reconstruction of  the substation is the cost of replacing equipment. Recall that  "Efarvi Masrik", created by a foreign consortium, will build a  Masrik-1 solar power plant in the Metz Masrik community of the  Gegharkunik region of Armenia. A consortium of a Dutch company with  Spanish roots Photowatio Renewable Ventures B.V and Spanish FSL Solar  S.L. won a tender for the construction of the Masrik-1 station with a  capacity of 55 MW. (FSL Solar SL), which, in turn, founded the Efarvi  Masrik company in Armenia. In the selected area, all the necessary  infrastructural conditions have been created for the construction of  a modern powerful photovoltaic station that will generate 120-150  million kW / h of electricity and provide 2% of the total energy  produced in the republic. According to experts, the construction of  Masrik-1 will amount to 55 million euros, however, officially, the  amount of investments in the construction of the station has not been  reported.

It should be noted that on the balance of CJSC VVES there are 13  substations of 220 kV and 2 substations of 110 kV, the total capacity  of 33 power transformers operating at which is 2561.0 MVA, and one  switching point "Agarak" - 220 kV. The power of existing power  transformers installed at substations of 220 kV and 110 kV is  sufficient to transmit the consumed electricity. The total length of  overhead lines with design parameters of 330. 220, 110 kV is 1914.73  km, including 127.62 km - 330 kV, 1366.51 km - 220 kV, 420.6 km -  11-kV, 26.58 km of which are located on the territory of Georgia, as  well as 9.6 km - on 10 and 6 kV. The company also manages the Lori  wind farm with 4 units with a total capacity of 2.64 mW. The energy  system of the Republic of Armenia through the 220 kV Agarak switching  point is connected to the energy system of the Islamic Republic of  Iran via the Agar-1.2 interstate lines of 220 kV, and through the  Alaverdi overhead lines 220 kV, Lalwar and Ninotsminda 110 kV with  power system of the Republic of Georgia. In the territory of Armenia,  VVES CJSC carries out economic activities on transmission and  production of electric energy. 

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Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000