Specialized company to invest AMD 315 million in production of solar trackers in Armenia
YEREVAN, February 24. /ARKA/. The first solar trackers in the region are expected to be produced in Armenia soon, the press office of the Armenian ministry of energy infrastructures and natural resources reported on Friday.
According to the ministry’s news release, a unique in the region industrial enterprise will be established in the country for that.
Hayk Harutyunyan, deputy minister, is quoted in the press release as saying that the production process will begin already in the second quarter of this year.
The specialized company Profpanel will invest about AMD 315 million (around $649,000) in the project at the first stage and more than 50 jobs will be created here.
The company intends to sell the solar trackers initially inside Armenia, and later to export them to other countries.
On February 23, the Armenian government decided to exempt Profpanel OJSC, which is engaged in producing solar trackers as part of an investment program and which imports technical equipment and raw materials for that, from paying customs duties.
In summer 2015, a 58-million investment program aimed at development of renewable energy, was launched in Armenia. The program is intended for five or six years and is being implemented by the Armenia Renewable Resources and Energy Efficiency Fund under support from Climate Investment Funds, the Armenian ministry of energy infrastructures and natural resources, the World Bank and the Asian Development Bank.
It is planned to build a 40-to-50-megawatt solar station under this program by 2020. --0---
YEREVAN, February 24. /ARKA/. The first solar trackers in the region are expected to be produced in Armenia soon, the press office of the Armenian ministry of energy infrastructures and natural resources reported on Friday.
According to the ministry’s news release, a unique in the region industrial enterprise will be established in the country for that.
Hayk Harutyunyan, deputy minister, is quoted in the press release as saying that the production process will begin already in the second quarter of this year.
The specialized company Profpanel will invest about AMD 315 million (around $649,000) in the project at the first stage and more than 50 jobs will be created here.
The company intends to sell the solar trackers initially inside Armenia, and later to export them to other countries.
On February 23, the Armenian government decided to exempt Profpanel OJSC, which is engaged in producing solar trackers as part of an investment program and which imports technical equipment and raw materials for that, from paying customs duties.
In summer 2015, a 58-million investment program aimed at development of renewable energy, was launched in Armenia. The program is intended for five or six years and is being implemented by the Armenia Renewable Resources and Energy Efficiency Fund under support from Climate Investment Funds, the Armenian ministry of energy infrastructures and natural resources, the World Bank and the Asian Development Bank.
It is planned to build a 40-to-50-megawatt solar station under this program by 2020. --0---
