Around 1040 Ha of Land in Aragatsotn and Kotayq Regions for New Solar Photovoltaic Stations

Around 1040 Ha of Land in Aragatsotn and Kotayq Regions for New Solar Photovoltaic Stations

EcoLur

The construction of 2 solar photovoltaic stations with a total capacity of 400 MW on an industrial scale is planned in Aragatsotn and Kotayk Regions in Armenia. On December 26, 2019, the Government of the Republic of Armenia approved "MASDAR ARMENIA PROGRAM" investment program. "MASDAR ARMENIA PROGRAM" was initiated by Abu Dhabi Future Energy Company (Masdar) founded in the United Arab Emirates and Armenia National Interest Fund established by the Government of Armenia.

The companies intend to build two solar photovoltaic stations on a total of 1,040 hectares of land in Aragatsotn and Kotayk Regions, each with a capacity of 200 MW. The cost of electricity generated by power plants is set at 2.95 US cents / kWh (excluding VAT) per 1 kWh. For the construction and operation of the stations, it is planned to establish a joint venture, where ANIF will have a 15% share and Masdar will have 85%.

However, the Armenian government has decided to announce an international tender for each stage of the program for investors to implement the program at a lower rate. It is planned to eliminate about 520 hectares of land for the first station from Talin, Dashtadem, Katnaghbyur and Yeghnik communities. For the second station, it is planned to take about 520 hectares of land from Yeghvard and Nor Edesia communities. The Government of the Republic of Armenia is considering taking the lands as a donation and has given a corresponding instruction to the Minister of Territorial Administration and Infrastructure of the Republic of Armenia.

 

16:14 May 25, 2020


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