Government Granting Privilege to Company Constructing Small Hydrocascade

Government Granting Privilege to Company Constructing Small Hydrocascade

EcoLur

On 23 June the Armenian Government granted customs and tax privileges to 'Green Energy Concern' LLC for the construction of a small hydropower cascade. The deadline for the payment of VAT for the imported goods to the customs and tax authorities were adjourned for three years.

'Green Energy Concern' LLC aims to construct a small hydropower cascade with a capacity of 3.9 MW in Getap Community, Vayots Dzor Region, using the potential of the rivers in the mentioned area. According to the project, the company will make an investment of 2.28 billion AMD, out of which the sums envisaged for equipment will make up around 747.7 million AMD. Two Czech generators with the capacities of 2.222 kW and 1.686 kW and 2 hydroturbines with the capacities of 2.327 kW and 1.766 kW will be imported.

The material was developed in the frames of “Supporting new reforms in SHPP sector through CSO-government dialogue” supported by UNDP/GEF Small Grants Programme".

18:48 June 28, 2017


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