Karabakh building $25M hydroelectric power plant in MartakertAugust 3, 2021 - 13:57 AMT PanARMENIAN.Net - $25 million will be invested into a large hydroelectric power plant set to be built in Martakert, Nagorno-Karabakh (Artsakh), President Arayik Harutyunyan said on Monday, August 2. Harutyunyan held consultations on energy security on Monday, to discuss how Artsakh lost most of its energy capacity in the war unleashed by Azerbaijan in fall 2020. According to him, now Karabakh is forced to import electricity, whereas prior to the war, the country was an energy exporter. "In the current situation, the recovery of Artsakh's economy largely depends on our energy capacity. Therefore, in order to restore energy self-sufficiency and stimulate economic development, we have decided to build a new large hydroelectric plant," Harutyunyan said. The HPP with a capacity of 17.6 MW will be built in the territory of Getavan community of Martakert region. The $ 25 million project will be launched through the Artsakh Investment Fund, but other investors will also get to join. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. 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. 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. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |