540-megawatt gas turbine power plant to be built in Armenia

540-megawatt gas turbine power plant to be built in Armenia

YEREVAN, August 14. /ARKA/. A new, 540-megawatt gas turbine power plant will be built in Armenia, Energy and Natural Resources Minister Yervand Zakharyan said Thursday at a regular Cabinet meeting. 

“Anaklia IEP Holdings has asked the government to authorize construction of operation of a 540-megawatt gas power plant, which will consist of two 270-megawatt units working on General Electric gas turbines,” he said. 

At its meeting, the Cabinet okayed the proposal of signing an agreement with the company for building and operating the new plant. 

Prime Minister Hovik Abrahamyan, on his side, said that it had been stipulated during negotiations that all risks will be borne by the company, not the government. 

“If the project proves to be successful, it will be very effective, since the generated power will be exported,” the premier said. The project is estimated to cost $600 million and to be implemented in 18 months. 

Electric energy worth $85.4 million generated and distributed in Armenia in the first half of this year – 3.4% year-on-year decline. 

Armenia’s thermal power plants generated 1312.4 million KWt-hour of electric power, hydro power plants 1071.3 million kilowatt-hour and the Armenian Nuclear Power Plant 1349.4 million in Jan-June 2014. Electric power from other sources totaled 2.3 million KWt-hour. --0----

17:11 14.08.2014

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