Talks between Armenian development agency and German company to end in September

YEREVAN, July 18. /ARKA/. Armenian Development Agency (ADA) is currently negotiating with a German company on producing electricity out of renewable energy, ADA Director Robert Harutyunyan said Wednesday in the interview with ARKA. However, he didn’t say the name of the company.

According to him, the talks may end in September. The results of the negotiations will show the project’s parameters and the company which will implement it.

“Today we continue the talks, but the fact that we don’t have tariffs on solar energy complicates this process very much. Nevertheless, we hope to end the talks by September,” he said.

Harutyunyan said today we have tariffs on wind energy, hydropower, biomass, however there are no tariffs on solar energy, and this is objective “as electricity produced by the sun is the most expensive one.”

Production efficiency and cheap materials which we use will result in making this sector competitive as well, he pointed out. 

According to some experts, Armenia has huge resources in solar energy. The annual rate of solar energy per 1 sq. meter flat surface in Armenia is 1720 kWh / m, whereas the average European rate is 1000 kWh / m. The most perspective means of processing solar energy is to install solar collectors for water heating on the roofs of buildings.

 

The share of electricity produced out of renewable power sources in Armenia is nearly 7% of the total production. 

According to the National Statistical Service of Armenia electricity production in the country climbed by 10.1% to 3395,4 million kWh in January-May of 2012 from the same period a year earlier.--0-