Armenian authorities` intention to construct a new, 1,200 MW, nuclear  power unit is erroneous- expert

 Wednesday, September 28 2022 11:26:00
Armenian authorities` intention to construct a new, 1,200 MW, nuclear  power unit is erroneous- expert

ArmInfo.The Armenian authorities' intention to construct a new, 1,200 MW, nuclear power unit is erroneous and a direct threat to Armenia's energy security,  Edvard Arzumanyan, former deputy minister of energy of Armenia, said  in an interview with ArmInfo. 

"Ayg-1" 200 MW solar photovoltaic station to be put into operation in  2025
 Thursday, June 24 2021 12:31

ArmInfo. On June 24, at a Cabinet meeting, the Armenian government approved the results of the pre-qualification competition dated December 3, 2020 within the  framework of the project for the construction of the  "Ayg-1"  photovoltaic industrial station and made changes to the terms of  financing the project.

>>>
Kocharian on energy prospects for Armenia: It is not a problem to  come to an agreement with Rosatom
 Monday, June 14 2021 18:58

ArmInfo. Head of the Hayastan (Armenia) bloc, RA second president, Robert Kocharian, on June 14, during a meeting with voters in Metsamor, Armavir region, spoke about Armenia's energy prospects and assured that everything would be done  to extend the life of the Armenian NPP.

>>>
UAE "Masdar" company to build a solar power plant in Armenia with a  capacity of 200 MW
 Tuesday, June 8 2021 16:46

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.

>>>
Caucasian Power Transmission Network Program will be operational  after 2025 at best
 Thursday, June 3 2021 21:47

ArmInfo.The Caucasian Power Transmission Network Program,  which provides for the construction of a power transmission line and  an Armenia-Georgia substation for the organization of parallel  synchronous operation of the energy systems of the two countries,  will start working after 2025 in the best case scenario.

>>>
Armenian and Russian sides to discuss extension of service life of  Armenian NPP until 2031
 Thursday, June 3 2021 18:38

ArmInfo.The Armenian and Russian sides will soon start discussing the issue of the extension of service life of the Armenian nuclear power plant until 2031. Deputy Minister of Territorial Administration of the Republic of Armenia Hakob Vardanyan  announced this in the parliament. The 

>>>
The company of the former Deputy Energy Minister and the son of the former Prime Minister of Armenia received another tax benefit from the government
 Thursday, June 3 2021 14:48

ArmInfo.The company of the former Deputy Energy Minister and the son of the  former Prime Minister of Armenia received another tax benefit from  the government  Yerevan, June 3. ArmInfo. Naira Badalian.

>>>
Scientists will again discuss problems and prospects for development  of geothermal energy in Armenia
 Wednesday, June 2 2021 22:05

ArmInfo.Prospects for the development of geothermal energy in Armenia will be considered on June 3 at a conference dedicated to the results of the "Assessment of  geothermal energy resources and natural hazards in Armenia" research  project, prepared by a joint Armenian-American research group. The  project is funded by PEER Science of the US National Academy of  Sciences.

>>>
PSRC Head: There are no problems with the production capacity of  electricity in Armenia
 Wednesday, June 2 2021 22:04

ArmInfo. There are no, and cannot be, problems with the production capacity of electricity in Armenia, Chairman of the Public Services Regulatory Commission Garegin Baghramyan assured journalists on June 2 in the parliament.

>>>
Amber Capital ``EU Armenia SME Fund`` made its first modest  investment in the development of alternative energy in Armenia
 Thursday, May 20 2021 14:25

ArmInfo.Private equity fund Amber Capital Armenia,  supported by the European Bank for Reconstruction and Development  (EBRD) and the European Union (EU), has acquired Solis, an Armenian  solar plant operator, to build and operate a 4 MW photovoltaic (PV)  solar power plant in Aragatsotn, western Armenia. The parties to the  transaction did not disclose the amount of the transaction and the  volume of investments in the project. Nevertheless, according to  experts, the total volume of investments may amount to about 2 - 2.5  million US dollars.

>>>
Armoil petrochemical plant promises to launch production by July 2021
 Thursday, May 20 2021 13:19

ArmInfo.In a month, the petrochemical plant in the Nati district of the city of Yeghvard, Kotayk region, will start producing machine oil and bitumen. "The  construction of the plant was completed two years ago, but due to a  number of artificially created problems, we could not start  production in any way," General Director of "Armoil" CJSC Alfred  Abedi said in an interview with ArmInfo.

>>>
First floating solar power plant to be built in Armenia
 Friday, May 7 2021 14:34

ArmInfo. The " Armenia Renewable Resources and Energy Efficiency Fund " together with the French company "Trans Energy" applied to the government of France and  received a grant for the construction of the first floating solar  station in the Republic of Armenia.

>>>
Head of the Fund: Electricity tariff may be lowered
 Friday, May 7 2021 13:28

ArmInfo. The liberalization of the electricity market will lead to a reduction in the price of  electricity. Director of the Fund for Renewable Energy and Energy  Saving of Armenia Karen Asatryan stated this, presenting the plans  for 2021 and the results of the Fund's activities in past years.

>>>
The UK will help the State Committee for Nuclear Regulation of  Armenia to modernize the country`s nuclear industry
 Monday, April 26 2021 12:33

ArmInfo. Nuclear power can make a significant contribution to reducing greenhouse gas emissions and improving energy security, while at the same time supplying the  growing amounts of energy needed for a country's development. This is  stated in the message of the British Embassy in Armenia.

>>>
Papikyan defies detractors-modernization of Metsamor NPP will be  continued
 Thursday, April 15 2021 14:53

ArmInfo.Armenia intends to extend the life of the Metsamor nuclear power plant beyond 2026.  

>>>
Melkumyan: "Velvet" government failed in the modernization program of  Metsamor NPP 
 Tuesday, April 13 2021 16:23

ArmInfo.Armenia will soon face very serious challenges in the field of energy security, MP from the "Prosperous Armenia" faction Mikael Melkumyan said on April 13 from  the rostrum of the parliament.

>>>
Up to 150 million cubic meters of Russian gas to be supplied to  Armenia through Azerbaijan
 Monday, April 5 2021 17:36

ArmInfo. Under a short-term  contract signed with the Russian company Gazprom Export, it is  planned to transport about 150 million cubic meters of Russian gas  through the territory of Azerbaijan to Georgia.

>>>
EU Ambassador and Armenian NPP leadership discussed opportunities for  expanding cooperation
 Friday, April 2 2021 16:18

ArmInfo.The Ambassador of the European Union to Armenia and the leadership of the Armenian Nuclear Power Plant (ANPP) discussed the possibilities of expanding  cooperation within the framework of projects to ensure a high level  of responsible and safe management of spent fuel and radioactive  waste within the CEPA framework. This became known following the  working visit of the EU Ambassador Extraordinary and Plenipotentiary  to Armenia Andrea Wiktorin to the Metsamor NPP.

>>>
FRV reaches financial close with IFC, EBRD, and Ameriabank for the  largest Utility Scale Solar Power Plant ``Masrik-1`` in Armenia
 Thursday, March 25 2021 18:38

ArmInfo.Fotowatio Renewable Ventures (FRV), part  of Abdul Latif Jameel and a leading global developer of renewable  energy projects, has closed the financing agreement for the  development of the largest utility-scale solar power plant in  Armenia.

>>>
Minister: The Energy Development Program of Armenia provides for the  extension of the ANPP operation life after 2026
 Thursday, March 18 2021 16:32

ArmInfo. The strategic program for the development of the energy sector of Armenia until 2040 provides for a repeated extension of the life of the Armenian nuclear  power plant after 2026, and in the future, the construction of a new  nuclear power plant.

>>>
For three weeks, Russian gas will come to Armenia through the  territory of Azerbaijan
 Wednesday, March 17 2021 13:31

ArmInfo. In connection with the planned repair work on the Main Gas Pipeline Russian gas will be transported to Armenia through the  territory of Azerbaijan. This is reported by RT, referring to the  application .

>>>

News
IFC’s New Loan to Evocabank to Help Smaller Businesses Grow and Create Jobs in ArmeniaIFC’s New Loan to Evocabank to Help Smaller Businesses Grow and Create Jobs in Armenia
Yerevan Municipality, Asian Development Bank discuss new areas of  cooperationYerevan Municipality, Asian Development Bank discuss new areas of  cooperation
Tenders for construction of Kajaran-Agarak section of North-South  project to be invited Tenders for construction of Kajaran-Agarak section of North-South  project to be invited 
Armenian government discuss draft budget for 2023Armenian government discuss draft budget for 2023
CB new forecast for 2022-2023: Armenian GDP growth will slow down  from 12.9% to 4.4%, and inflation will decrease from 10.3% to the  target 4%CB new forecast for 2022-2023: Armenian GDP growth will slow down  from 12.9% to 4.4%, and inflation will decrease from 10.3% to the  target 4%
The first snail breeding farm was established in ArmeniaThe first snail breeding farm was established in Armenia
EBRD improves its 2022 GDP growth forecast for Armenia from previous  4.5% to updated 8%EBRD improves its 2022 GDP growth forecast for Armenia from previous  4.5% to updated 8%
Armenian authorities` intention to construct a new, 1,200 MW, nuclear  power unit is erroneous- expertArmenian authorities` intention to construct a new, 1,200 MW, nuclear  power unit is erroneous- expert
Wizz Air starts operating Rome-Yerevan-Rome flightsWizz Air starts operating Rome-Yerevan-Rome flights
3rd session of Geographical Indications sub-committee under CEPA  between Armenia and EU took place3rd session of Geographical Indications sub-committee under CEPA  between Armenia and EU took place
Armenia`s GDP growth to be double-digit in 2022 - EconomistArmenia`s GDP growth to be double-digit in 2022 - Economist
 USD 25 million to support the private sector USD 25 million to support the private sector
Armenia`s economic activity increased by 13.9% in 8 months of 2022Armenia`s economic activity increased by 13.9% in 8 months of 2022
Armenia-Italy Textile Alliance Forum started in MilanArmenia-Italy Textile Alliance Forum started in Milan
Dmitry Volvach: Trading volumes of the ruble-dram currency pair  increased more than 1000-fold on the Moscow ExchangeDmitry Volvach: Trading volumes of the ruble-dram currency pair  increased more than 1000-fold on the Moscow Exchange
Armenia`s minister of economy hosts WB Country Manager for ArmeniaArmenia`s minister of economy hosts WB Country Manager for Armenia
EBRD launches climate governance platform for business leaders in  Ukraine, Georgia and ArmeniaEBRD launches climate governance platform for business leaders in  Ukraine, Georgia and Armenia
Another step in promoting the Armenian-Russian decentralized  cooperation: Pashinyan`s address to participants of Armenian-Russian Interregional Forum Another step in promoting the Armenian-Russian decentralized  cooperation: Pashinyan`s address to participants of Armenian-Russian Interregional Forum 
Iran Khodro Company starts supplying cars to ArmeniaIran Khodro Company starts supplying cars to Armenia
Armenia, China are considering  possibility of organizing direct  flights between  countriesArmenia, China are considering  possibility of organizing direct  flights between  countries
Expert: With the stabilization of the military-political situation,  the exchange rate in Armenia will also stabilizeExpert: With the stabilization of the military-political situation,  the exchange rate in Armenia will also stabilize
Gradual softening of the global inflationary environment will weaken  the inflationary impact from the external sector on the Armenian  economyGradual softening of the global inflationary environment will weaken  the inflationary impact from the external sector on the Armenian  economy
CBA significantly improves its forecast for GDP growth for 2022 to  12.9%, but expects inflation at 10.3%CBA significantly improves its forecast for GDP growth for 2022 to  12.9%, but expects inflation at 10.3%
Central Bank of Armenia raised refinancing rate from 9.5% to 10%Central Bank of Armenia raised refinancing rate from 9.5% to 10%
TOTAL opens training center in Etchmiadzin for training specialistsTOTAL opens training center in Etchmiadzin for training specialists
WB stands ready to continue to assist Armenian government in  implementation of priority programsWB stands ready to continue to assist Armenian government in  implementation of priority programs
Armenia`s producers to get 1% tax reduction for recalling spoiled  productsArmenia`s producers to get 1% tax reduction for recalling spoiled  products
FLY ONE Armenia transported over 200.000 passengers in its first year  in marketFLY ONE Armenia transported over 200.000 passengers in its first year  in market
Armenia`s minister of economy visits ski resort construction project  in Aragatsotn Armenia`s minister of economy visits ski resort construction project  in Aragatsotn 
Pashinyan instructs to find new investors for mines that are  currently not being developedPashinyan instructs to find new investors for mines that are  currently not being developed
AMD 4.676.836 to the “Rehabilitation City of Heroes” psychological center: the next beneficiary of “The Power of One Dram” is the 4090 FoundationAMD 4.676.836 to the “Rehabilitation City of Heroes” psychological center: the next beneficiary of “The Power of One Dram” is the 4090 Foundation
ACBA Bank fourth bank to join government-sponsored 10% cashback  programme for pensioners and reliefersACBA Bank fourth bank to join government-sponsored 10% cashback  programme for pensioners and reliefers
Presentation of Jobbit instrument held in Yerevan Presentation of Jobbit instrument held in Yerevan 
New power unit under construction at Kursk NPP could be serve as  standard for Armenia - ministerNew power unit under construction at Kursk NPP could be serve as  standard for Armenia - minister
Diaspora factor in Armenia`s investment portfolio is decliningDiaspora factor in Armenia`s investment portfolio is declining
Foreign investors present existing problems to Deputy Prime Minister  of ArmeniaForeign investors present existing problems to Deputy Prime Minister  of Armenia
Araratbank to put up for sale another tranche of dollar bonds worth  $3 million on September 8Araratbank to put up for sale another tranche of dollar bonds worth  $3 million on September 8
Ameriabank starts initial placement of another tranche of USD bonds  in amount of $10 millionAmeriabank starts initial placement of another tranche of USD bonds  in amount of $10 million
Pashinyan hopes that Moscow will regard relocation of Russians as  movement within EAEU: Putin sees nothing wrong with thisPashinyan hopes that Moscow will regard relocation of Russians as  movement within EAEU: Putin sees nothing wrong with this
Armenia`s premier on secondary western sanctions over intensified  contacts with Russia Armenia`s premier on secondary western sanctions over intensified  contacts with Russia 
Armenia is very concerned with unblocking transport links with  Azerbaijan Armenia is very concerned with unblocking transport links with  Azerbaijan 
Nikol Pashinyan links economic growth in Armenia with EAEU  regulationsNikol Pashinyan links economic growth in Armenia with EAEU  regulations
IDBank issues the first premium class business cards in ArmeniaIDBank issues the first premium class business cards in Armenia
Kerobyan: More than 50,000 Russian IT specialists arrived in ArmeniaKerobyan: More than 50,000 Russian IT specialists arrived in Armenia
Converse Bank has come up with a unique offer to encourage online shoppingConverse Bank has come up with a unique offer to encourage online shopping
IDBank is the first in Armenia to present Visa Platinum Business cardIDBank is the first in Armenia to present Visa Platinum Business card
AraratBank issues and underwrites USD 3,000,000 bondsAraratBank issues and underwrites USD 3,000,000 bonds
Fitch Affirms Armenia`s Sovereign Rating at B+, Upgrades GDP Growth  Outlook to 6.4%Fitch Affirms Armenia`s Sovereign Rating at B+, Upgrades GDP Growth  Outlook to 6.4%
Armenian SRC Deputy Head, Iranian Consul General in Kapan discuss  methods of facilitating customs procedures Armenian SRC Deputy Head, Iranian Consul General in Kapan discuss  methods of facilitating customs procedures 
Armenia to host production of Iranian carsArmenia to host production of Iranian cars
WB to issue a $26.5mln loan to ArmeniaWB to issue a $26.5mln loan to Armenia
Ardshinbank named Retail Bank of the Year by the international magazine Asian Banking & FinanceArdshinbank named Retail Bank of the Year by the international magazine Asian Banking & Finance
Armenia has significantly increased polished diamond exports and  rough diamond importsArmenia has significantly increased polished diamond exports and  rough diamond imports
Armenia significantly increased gold exports in H1 2022Armenia significantly increased gold exports in H1 2022
Armenian-Iranian business forum was held in YerevanArmenian-Iranian business forum was held in Yerevan
Converse Bank offers SME financing without financial analysisConverse Bank offers SME financing without financial analysis
Minister: As a result of relocation, 300 large companies with Russian  capital were registered in ArmeniaMinister: As a result of relocation, 300 large companies with Russian  capital were registered in Armenia
Ardshinbank supports development of Armenian jazz musicArdshinbank supports development of Armenian jazz music
Ameriabank expands branch network in YerevanAmeriabank expands branch network in Yerevan
Winner of Buissup Global Forum 2021 to represent Armenia at  Entrepreneurship World Cup 2022Winner of Buissup Global Forum 2021 to represent Armenia at  Entrepreneurship World Cup 2022
Read more


Exchange rates
29.09.2022
RUB7.120.13
USD405.93-2.11
EUR394.243.95
GBP439.584.89
CAD296.670.26
JPY28.06-0.14
CNY57.09-0.29
CHF414.812.57