First-ever geothermal power station to be built in ArmeniaJuly 19, 2016 - 18:15 AMT PanARMENIAN.Net - Drilling works have launched for the construction of a geothermal power station in Karkar community of Armenia's Syunik province, the first-of-its-kind plant in the country. In case the results of geological surveys carried out in the area are approved, a 30 MW geothermal power station will be constructed here with an annual production capacity of up to 250 million kilowatts of electricity. The drilling works are co-financed by the Climate Investment Fund and the government which have provided $9 million and $2 million, respectively. Three wells with a depth of 1500 meters each will be dug. Based on the results, a final assessment of the area's geothermal resource will be provided. Accordingly, an international tender will be announced to find investors for the construction of the station, priority will be given to the participant offering the lowest price. The construction of the plant is estimated at $100 million. It is an environmentally friendly and renewable energetic resource which can turn into a long-term source of electricity production in the event of correct operation. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |