05 February 2017, 23:50
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Armenia to build its first solar power plant

More than 40 companies have expressed interested in a tender for the construction of a 50 MW solar power plant in Armenia. The project is a part of a US$58 million program to boost renewable energy in the country.

Armenia will soon announce a tender for the construction of a 40-50 MW solar plant near the village of Masrik in Gegharkunik province. According to Tamara Babayan, director of the Renewable Energy and Energy Efficiency Foundation, all 40 companies that attended the Energy Week 2017 in Yerevan in January have expressed their willingness to participate in the bidding process.

The project is the main component of a US$58 million worth program started in 2015 to boost alternative energy sources in the country. The six-year program is directed by the Renewable Energy and Energy Efficiency Foundation, a non-governmental organization whose mission is to facilitate investments in energy efficiency and renewable energy in Armenia, and supported by the Climate Investment Funds, the Armenian Ministry of Energy and Natural Resources, the World Bank, and the Asian Development Bank.

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