New power plant of 254 MWe launched in Yerevan

ArmInfo. Prime Minister of Armenia Nikol Pashinyan attended today the opening of the new gas fired combined cycle power plant of 254 MWe in Yerevan, the press  service of the Premier reports.

The PM toured the power plant, got acquainted with the works done so  far accompanied by Giovanni Rubini, CEO of Renco Company.

Around 270 million USD has been invested for the project. 1200  workers were involved in the construction works and 50 new permanent  jobs have been created since the launch of the power plant.  It was  mentioned that after the completion of the adjustment works, the  power plant will supply the cheapest electricity produced by similar  stations to the energy network of the Republic of Armenia.  The  groundbreaking ceremony of the power plant with the participation of  Prime Minister Pashinyan had taken place on July 12, 2019.

To recall, on November 13 an agreement was signed on the   construction of a new thermal unit in Yerevan.  After signing an  agreement with  the Renco Company, which will build the heat  generation facility,  answering the question of ArmInfo. Minister of  Energy Infrastructures  and Natural Resources of the Republic of  Armenia Garegin Baghramyan  informed that a new unit with a combined  steam and gas cycle will be  built on the territory adjacent to the  Yerevan TPP. Construction work  will take 25 months.  1200 people  will be involved in the project  implementation process; another  230-250 people will be provided with  permanent work and high wages  during the operation of the unit.  According to the results of  intensive two-month negotiations with  Renco companies, it was  possible to reach an agreement on the  electricity tariff - it will  be 5.7 cents per 1 kW / H instead of the  previously agreed tariff of  6.02 cents. Thus, the cost from the  future generation facility will  be the lowest among similar units  operating in Armenia and will make  27.4 drams per 1 kW / h.  electricity. For example, the tariff from  the fifth block of the  Hrazdan TPP is equal to 31.5 drams, and from  the current block on the  Yerevan TPP - to 29.4 drams. Thus, Garegin  Baghramyan continued, $  6.4 million will be saved every month.  During construction, the best  efficient technologies will be used,  and the efficiency will be 53%,  while this indicator of the fifth  block of the Hrazdan TPP is 44%,  and the Yerevan TPP - 49%. After  two months of preparation, I  continued.  Minister, the project will  enter the practical phase and  construction will begin. In turn,  Giovanni Rubini is Chief Executive Officer at Renco Spa,  stressed  that for the first time in the last 20 years, Renco will  implement a  project in Armenia that will correspond to the company's  activities  - electricity generation. The total investment will amount  to $ 250  million. The new technologies will be used in the  construction of  the facility, with the result that the new unit will  have a high  level of efficiency and will become the only unit of this  level in  the region. He stressed that 40% of the shares in the  company that  will operate the unit will belong to the general  contractor of the  project, ''Siemens'' company, and the remaining 60%  to Renco.