ArmInfo.On March 29, Deputy Prime Minister of Armenia Hambardzum Matevosyan met with Mohamed Jameel Al Ramahi, the CEO of the Emirati "Masdar" company in Dubai, United Arab Emirates.
As the press service of the RA Government reports, the representatives of the company presented the current works of "Ayg-1" - 200 MW solar photovoltaic station, informing that the construction and operation of the station, with the necessary adjacent infrastructure, is planned to be completed by December 2023.
The company also announced its intention to expand cooperation in the production of solar and wind energy.
On the same day, Deputy Prime Minister Matevosyan also met with Younis Al Mulla, Carrefour Senior Vice President for Government Affairs, and Pierre Cassimatis, Vice President for Retail - International Business Development.
The representatives of the company said that Carrefour, being part of the Emirati holding company "Majid Al Futtaim", plans to gradually expand its operations in accordance with the four-year development plan adopted by the company in 2021.
During the meeting, the possibility of expanding the network to the regions of Armenia, as well as the possibilities of selling Armenian goods through the Carrefour global network were discussed.
On November 26, 2021, following the results of the competition, the Armenian government signed an agreement with the "Masdar" company on the construction of the "Ayg-1" - 200 MW solar photovoltaic station, near Talin.
Earlier, in July of this year "Masdar" was declared the winner of the tender for the construction of this photovoltaic industrial station. According to the tender offer, the company offered a rather low tariff from the future solar generation facility - $0.0290 excluding VAT per 1 kWh of electricity.
The beneficiary of 85% of the shares will be the "Masdar" company, and 15% of the shares will belong to the Armenian National Interests Fund (ANIF) . Construction will be carried out in 2 years. The total cost of the investment program is estimated at $174 million. "Masdar" is a subsidiary of Mubadala Investment Company, UAE, with total assets of $220 billion and one of the world's leading companies in the field of renewable energy. It should be noted that according to the program for the development of renewable energy sources, solar power plants with a total installed capacity of up to 1,000 megawatts should be built in Armenia by 2030.
