Equipment worth over 9 billion AMD needs to be imported to ensure the  normal construction process of Yerevan TPP unit 

ArmInfo.To ensure the normal construction process of the thermal power unit of the Yerevan TPP, it is necessary to import equipment worth over 9 billion drams.   This is stated in the substantiation of the draft decision of the RA  government, which at the September 3 meeting satisfied the  application of the company "Armpower" for exemption from customs  duties for imported equipment and raw materials.

According to the draft decision, within the framework of its  investment program, the company intends to introduce from Germany a  Siemens SST600 steam turbine with a capacity of 85 MW and a cost of  9, 146 billion drams. Thus, according to the new application, the  investment program of the company will increase from 14.557 billion  drams to 23.702 billion drams. "ARMPOWER" CJSC is building a heat  unit with a capacity of 250 MW in Yerevan. The privilege will become  a serious impetus for the implementation of new investment programs,  as a result of which new jobs will be created, investments will be  attracted, and local production and exports will be stimulated.

To recall, the new thermal power unit of the Yerevan Thermal Power  Plant ("Yerevan-2") will be the first funded project in Armenia on  power plants with the production  of environmentally clean  electricity at extremely low prices. To recall, on July 12, 2019 an  official ceremony was held in Yerevan to  start the construction of a  new thermal power unit at the Yerevan  TPP. Siemens AG is also  involved in the project implementation.  Negotiations on the  construction of  the power unit in the neighborhood of the first unit  of the new  Yerevan Thermal Power Plant between the RA government and  the Italian company Renco began three years ago, but the final  agreement was  signed only on November 13, 2018. The new combined  cycle power plant  will have a power of 250 megawatts and it is  expected to be  commissioned by the end of 2021. Siemens will supply  the power unit  for the new combined cycle power plant. The company  will also operate  and maintain the station for 25 years. Siemens  supplies include a  power unit consisting of a gas turbine, a steam  turbine, two  generators and a boiler for heat recovery. In addition  to the  operation of the power plant, and its maintenance for 25  years, the  Agreement on operation and maintenance also includes  diagnostic  services, technical support from a remote center of  expertise and  remote control. 

Italian Renco S.p.A. company engaged in design, procurement and  construction, is responsible for the construction of  the entire  unit, and together with the Italian joint- stock company  Simest  S.p.A. it owns a 60 percent stake in ArmPower. 

The construction of the station will take about 26 months, which will   make it possible to create about 1,200 temporary jobs. After   commissioning, 200-250 new permanent jobs will be created. Siemens   will take on the task of improving the qualifications of the station   staff, about 60 employees will take appropriate training courses at   the company's enterprises. The use of modern technologies by Siemens   will make it possible to produce electricity at a low cost, the   efficiency of the unit will be 54.4%, and the tariff from the new   generation facility will be the lowest for such facilities - 5.7   cents or 27.4 drams per 1 kWh. In accordance with the 25-year service   agreement, Siemens will provide cost-effective and reliable power   generation throughout this period.