Over $1.5 billion to be invested in Armenia’s energy sector between 2017 and 2019
15.02.2017,
12:02
More than $1.5 billion will be invested in Armenia’s energy sector over a period between 2017 and 2019.
YEREVAN, February 15. /ARKA/. More than $1.5 billion will be invested in Armenia’s energy sector over a period between 2017 and 2019.
Artur Baghdasaryan, CEO of High Voltage Electric Networks CJSC, speaking Tuesday at a session of the Armenian energy infrastructures and natural resources ministry’s investment committee, said that the construction of the third electric power line between Armenia and Iran is running just as scheduled.
In his words, 672 land plots have been acquired and permissions for construction of back posts in 60 communities have been obtained as part of a €76-million investment program.
Necessary metallic back-up structures have been imported and 100 kilometers of roads have been built as well.
A 12-hectare area has been bought for constructing Noravan substation worth €33 million.
Baghdasaryan also said that applications for a tender announced to choose contractor for Armenia-Georgia electric power line and a power-transforming substation are being considered now.
A €188-million program is planned to be completed in 2019.
Reconstruction of Akhtanak, Charentsavan-3, Vanadzor-1, Agarak-2, Shinuayr and Ashnak substations is under way now. Its total cost is $50.5 million.
Sasun, Khachatryan, CEO of Yerevan Thermal Power Plant, described the implementation of a $18-million reconstruction and re-equipment program to the participants of the meeting.
Negotiations with Italia’s Renco to build the second energy steam block are coming close to the final stage. The program is estimated to cost $230 million.
Movses Vardanyan, CEO of the Armenian Nuclear Power Plant, on his side, said that preparations for extension of the nuclear power plant second block’s life are planned to be completed in 2019. The implementation of the program is estimated to cost $300 million.
Hayk Harutyunyan, deputy energy infrastructures and natural resources minister said that $126 million worth geothermal energy and energy efficiency programs will be continued in 2017, and other energy saving programs of the total cost of $190 million will be implemented in the next three years.
It also became known at the session that Contur Global Company is going to invest $80 million in the repair and re-equipment of Vorotan Cascade Hydro Power Plant.
Volodya Narimanyan, the head of Armenia’s Water Committee, presenting the program the Vedi water reservoir construction, said that it will be launched in the coming spring.
In his words, this $95-million program will be carried out by a consortium of Iranian and Armenian companies.
He said $20 million is planned to be invested in construction of Getalich-Kakhtsrashen, Baghramyan-Norakert water conduits and a part of Meghri water conduit.
Vardan Gevorgyan, deputy minister, said Lydian Armenia, Teghut and Geopromining Gold companies intend to invest $250 million in Armenia’s mining industry within a few years.
Karen Ghaghramanyan, head of the ministry’s staff, said that Armenian Electric Networks CJSC will invest $40 million in re-equipment of its distributing networks.
He said that as a result, all the companies of the area will make investments totaling $1.5 billion in the next few years.
Ashot Manukyan, the minister, summarizing the results if the session, said that all the presented programs are connected to each other, and the productivity of each of them will depend on the total volume the work done, and this will make the country’s energy system more reliable and more effective. --0----
Artur Baghdasaryan, CEO of High Voltage Electric Networks CJSC, speaking Tuesday at a session of the Armenian energy infrastructures and natural resources ministry’s investment committee, said that the construction of the third electric power line between Armenia and Iran is running just as scheduled.
In his words, 672 land plots have been acquired and permissions for construction of back posts in 60 communities have been obtained as part of a €76-million investment program.
Necessary metallic back-up structures have been imported and 100 kilometers of roads have been built as well.
A 12-hectare area has been bought for constructing Noravan substation worth €33 million.
Baghdasaryan also said that applications for a tender announced to choose contractor for Armenia-Georgia electric power line and a power-transforming substation are being considered now.
A €188-million program is planned to be completed in 2019.
Reconstruction of Akhtanak, Charentsavan-3, Vanadzor-1, Agarak-2, Shinuayr and Ashnak substations is under way now. Its total cost is $50.5 million.
Sasun, Khachatryan, CEO of Yerevan Thermal Power Plant, described the implementation of a $18-million reconstruction and re-equipment program to the participants of the meeting.
Negotiations with Italia’s Renco to build the second energy steam block are coming close to the final stage. The program is estimated to cost $230 million.
Movses Vardanyan, CEO of the Armenian Nuclear Power Plant, on his side, said that preparations for extension of the nuclear power plant second block’s life are planned to be completed in 2019. The implementation of the program is estimated to cost $300 million.
Hayk Harutyunyan, deputy energy infrastructures and natural resources minister said that $126 million worth geothermal energy and energy efficiency programs will be continued in 2017, and other energy saving programs of the total cost of $190 million will be implemented in the next three years.
It also became known at the session that Contur Global Company is going to invest $80 million in the repair and re-equipment of Vorotan Cascade Hydro Power Plant.
Volodya Narimanyan, the head of Armenia’s Water Committee, presenting the program the Vedi water reservoir construction, said that it will be launched in the coming spring.
In his words, this $95-million program will be carried out by a consortium of Iranian and Armenian companies.
He said $20 million is planned to be invested in construction of Getalich-Kakhtsrashen, Baghramyan-Norakert water conduits and a part of Meghri water conduit.
Vardan Gevorgyan, deputy minister, said Lydian Armenia, Teghut and Geopromining Gold companies intend to invest $250 million in Armenia’s mining industry within a few years.
Karen Ghaghramanyan, head of the ministry’s staff, said that Armenian Electric Networks CJSC will invest $40 million in re-equipment of its distributing networks.
He said that as a result, all the companies of the area will make investments totaling $1.5 billion in the next few years.
Ashot Manukyan, the minister, summarizing the results if the session, said that all the presented programs are connected to each other, and the productivity of each of them will depend on the total volume the work done, and this will make the country’s energy system more reliable and more effective. --0----
