ARG to seek external markets for export of electricity

ARG to seek external markets for export of electricity

YEREVAN, January 9. / ARKA /. CEO of Armenia’s Russian-owned national gas distribution company ArmRosGazprom (ARG) Vardan Harutyunyan instructed today relating departments of the company to look for external markets to sell the electricity generated by the fifth unit of Hrazdan Power plant commissioned last December 2, during Russian president Putin’s visit to Armenia.

The fifth unit’s capacity is 480 megawatts. It can generate 3.3 billion kWh of electricity annually. 
The construction of the facility was started in the late 1980s, but ground to a halt following the Soviet Union’s collapse. 

The fifth unit is more powerful and efficient than the four other operating units of the plant. Its launch has significantly boosted Armenia’s power generating capacity.  The fifth unit runs steam and gas turbines making it unique not only in the region, but also in the world.

Vardan Harutyunyan also stressed the importance of expanding the capacity of Abovyan underground gas storage facility. Last year ARG increased it 140 million cubic meters.

The Abovyan gas storage is one of the principal elements of Armenia’s gas transportation system ensuing the country’s energy security. It was constructed in 1962 on rock salt deposits at a depth of 800-1,000 meters.  

ARG is the only company dealing with import and distribution of Russian natural gas coming to Armenia from Russia via Georgia. It was established in 1997 and is now fully owned by Russian Gazprom monopoly. -0-

18:57 09.01.2014

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