On December 16, the financial document of the 55-megawatt Masrik 1 power plant in Gegharkunik Region will be summarized. The winning company will build it in two years. By 2024, 300-400 MW solar power plants will be built in Armenia. "That is to say, we will refuse from another 10% of imported energy carriers," Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan told reporters during the presentation of the report "Development Plan for 2020-2036 with Minimum expenses of Energy System of Armenia".
In regard with Development Plan for 2020-2036 with Minimum expenses of Energy System of Armenia, the Deputy Minister said that it shows how our energy system will evolve in the coming years, what steps will be taken to develop it at the highest cost and maximum efficiency so that we have affordable energy for consumers and a reliable and secure system.
"Low-cost planning shows that solar energy has great potential in Armenia, estimates show that building solar plants is cheaper and more attractive," said Deborah Grieser noting that renewable energy is the most cost-effective power for Armenia.
12:18 November 21, 2019