One-third of small hydropower plants in Armenia face the risk of being closed in the next five years, energy infrastructures and natural resources minister Ashot Manukyan told journalists last Friday. “Some 99% of small hydropower plants operating in Armenia were built on relatively cheap loans provided by international lending institutions. Parts of older plants were […]
Pöyry awarded engineering services assignment for Dzora hydropower plant rehabilitation project in Armenia.
Energy Invest Holding has awarded Pöyry with the engineering and consultancy services assignment for the headworks rehabilitation project for the Dzora hydropower plant (HPP) in Armenia. Dzora HPP was built on the Dzoraget river and has been operating since 1932. Pöyry will prepare an inventory of the observed damages to the concrete structures and hydromechanical […]
Green Energy Concern CJSC will invest AMD 2.28 billion in construction of a small hydro power cascade, Suren Karayan, Armenian economic development and investments minister, said at a Cabinet meeting. At the session, the Armenian government has granted the company a three-year VAT payment adjournment for imported equipment. “The company is planning to build a […]
The share of electricity produced by hydropower plants in Armenia can reach 40% of the overall volume, deputy minister of energy infrastructure and natural resources Hayk Harutyunyan said at a conference on renewable energy today. The conference has brought together more than 70 Armenian companies and 7 from the USA. According to the deputy minister, […]
In 2016 small hydropower plants accounted for 13% of the total electricity produced in Armenia, by 4% more than a year earlier, the ministry of energy infrastructure and natural resources said today, attributing the growth to an increase in the number of these stations and the volume of electricity they produced. Hayk Badalyan, the head […]
ContourGlobal closes $195 million of long-term debt financings for Vorotan Hydroelectric Facility in Armenia.
Financings include €51 million loan to upgrade the 405 MW Complex ContourGlobal has announced that its subsidiary, ContourGlobal Hydro Cascade CJSC, signed two credit facilities which comprise nearly $200 million of non-recourse long term financing for Armenian business on December 29, 2016. A $140 million long-term financing provided by the International Finance Corporation (“IFC”), Dutch […]
Technical support of hydro power plants in Armenia is quite improper, and this has adverse impacts on production of electric energy, the press office of Armenia’s energy infrastructure and natural resources ministry said on Wednesday. Taking into account this circumstance, the ministry is planning to set technical criteria to lay groundwork for putting things right. […]
The Armenian Public Services Regulatory Commission has approved a decision by ContourGlobal to attract loans for the modernization of the Vorotan hydroelectric power cascade. The US$150 million loan will come from a collective of lending agencies including the Netherlands Development Finance Company, German Investment and Development Corporation, HSBC Corporate Trustee Co., and International Finance Corporation. […]
A decree from Armeian Prime Minister Karen Karapetyan will force small hydropower project owners to shut down plants that have been deemed environmentally hazardous, per recommendations made to the country’s National Assembly last week. Armenia saw a boom in the construction of small hydro facilities in the early 2000s on the heels of highly favorable […]
By the end of September, the Armenian authorities want to adopt standard form agreement for connecting to the solar mini-plants. Deputy Minister of Energy, Hayk Harutyunyan, told the aforementioned to Armenian News –NEWS.am on Thursday. Now it is also possible to connect to the network with one’s own solar panel, but this will become much […]