ArmInfo.The UAE company "Masdar" will build a 200 MW solar power plant in Armenia. The project cost will amount to USD 175 million. Yesterday, Acting Deputy Prime Minister of the Republic of Armenia Tigran Avinyan received representatives of the Masdar company, represented by the bid head of the company Mohammed Al Shehhi, whom he congratulated on the fact that the company was recognized as the winner of the project competition for the construction of a photovoltaic industrial station "AYG-1" near Talin town.
The cost of one kilowatt-hour of energy will be US $ 2.90. The beneficiary of 85% of the program's shares will be the Masdar company, and 15% of the shares will belong to the Armenian National Interests Fund (ANIF). The construction will be completed in 2 years.
Masdar is a subsidiary of Mubadala Investment Company, UAE, with total assets of $ 220 billion and one of the world's leading renewable energy companies.
To recall, on May 21, 2020, the Armenian government launched a pre-qualification competition, the results of which were to be summed up by October 27 of this year. However, due to the coronavirus pandemic and the Karabakh war, the deadlines have been extended. On July 12 last year, an agreement was signed in Yerevan on cooperation in the construction of solar photovoltaic (200 MW), wind (200 MW) energy and "floating" solar installations (100 MW). As noted then, more than 200 rivers and lakes could be used for floating solar programs. In Armenia, where the wind speed is 8.5 meters per second, there are favorable conditions for the construction of a wind farm. The country has an indicator of 1.720 kWh of solar energy per 1 sq. meter, unlike the average European figure of 1000 kWh. Armenia, being a full member of the International Renewable Energy Agency of Abu Dhabi since 2010, aims to provide more than a quarter (26%) of domestic demand from renewable energy by 2025.