Shnokh hydropower plant to cover 5% of Armenian domestic electricity consumption
10.08.2017,
15:45
An Armenian government session today has approved a framework agreement on the design, construction, financing and operation of a new Shnokh hydro power plant that will be built on the river Debed in Lori province.
YEREVAN, August 10. /ARKA/. An Armenian government session today has approved a framework agreement on the design, construction, financing and operation of a new Shnokh hydro power plant that will be built on the river Debed in Lori province. The planned installed capacity of the HPP will be 76 MW. According to preliminary data, the project cost is estimated at $150 million.
Energy infrastructure and natural resources minister Ashot Manukyan noted that the construction of the new HPP is part of a strategy to ensure energy security of the nation.
"All the findings indicate that the resources of the Debed and Araks rivers are not being used enough. The HPP will be built with public and private funding, in conjunction with the Armenian Investors Club. This will be its first major project, "Manukyan said. He added that as part of the project 22 km long tunnels will be built, which will significantly affect the volume of investments.
"It will be a modern HPP, safe from the point of view of nature protection," the minister said. According to him, HPP will be able to cover about 5% of domestic energy consumption.
Armenia Investors Club is a non-public contractual investment fund registered with the Central Bank of Armenia. Its major goal is to involve domestic and foreign private funds to promote important sectors of Armenian economy: energy, including alternative energy, tourism, mining, ore processing, food and light industries. --0--
Energy infrastructure and natural resources minister Ashot Manukyan noted that the construction of the new HPP is part of a strategy to ensure energy security of the nation.
"All the findings indicate that the resources of the Debed and Araks rivers are not being used enough. The HPP will be built with public and private funding, in conjunction with the Armenian Investors Club. This will be its first major project, "Manukyan said. He added that as part of the project 22 km long tunnels will be built, which will significantly affect the volume of investments.
"It will be a modern HPP, safe from the point of view of nature protection," the minister said. According to him, HPP will be able to cover about 5% of domestic energy consumption.
Armenia Investors Club is a non-public contractual investment fund registered with the Central Bank of Armenia. Its major goal is to involve domestic and foreign private funds to promote important sectors of Armenian economy: energy, including alternative energy, tourism, mining, ore processing, food and light industries. --0--
