ArmInfo. The volume of investments of ContourGlobal Hydro Cascade JSC for 2023-2025 will amount to 6 billion 780 million drams (excluding VAT). This is stated in the investment program, which will be considered at a meeting of the Public Services Regulatory Commission (PSRC) of Armenia on December 20.
In particular, according to the program, 1 billion 446 million drams will be allocated for collecting data on the structure of hydraulic engineering and the dam (shaft), and drawing up project documentation for their restoration. The costs of drawing up design documentation and reconstructing the daily control basin of the Tatev hydroelectric station will amount to 1 billion 56.7 million drams.
458.9 million drams will be allocated to ensure environmental protection and improve functions in the field of technical safety, and 1 billion 637 million drams will be allocated to replace the power transformer of the Shamb hydroelectric station.
The implementation of a differential protection system, automation of the valve mechanisms of the daily regulation pool and 4 pools and their remote control will require 870.1 million drams; investments in other areas related to the organization of operation of the hydroelectric station will amount to 1 billion 311.5 million drams.
On August 12, 2015, the American ContourGlobal company and the government of Armenia announced the completion of a transaction to acquire the assets of the Vorotan cascade of three hydroelectric power plants with a total capacity of 405 MW, located on the Vorotan River in the southern part of Armenia for $180 million. The company received a license for a period of 25 years for the operation of 3 hydroelectric power stations of the Vorotan cascade of hydroelectric power stations with a total capacity of 404.2 MW, including the Spandaryan HPP (76 MW), Shamb (171 MW) and Tatev HPP (157.2 MW).
