IFC: 120 GWh/year increase in renewable energy generation may be recorded in Armenia by 2015February 28, 2011 - 17:32 AMT PanARMENIAN.Net - Tigran Parvanyan, Project Manager of Armenia Sustainable Energy Finance Project (ASEFP)of the International Financial Corporation (IFC), said that implementation of ASEFP will allow to record 120 GWh/year increase in renewable energy generation in Armenia through client investments by 2015. The project has kicked off in January 2010 and will last until 2013. During this period, IFC will provide consultations and financial assistance to Armenia for the development of renewable energy and energy efficiency, Parvanyan said in Yerevan on February 28. Besides, the expected impact of the project is as follows: 35 MW new renewable power generation capacity installed by 2015 through client investments; 70,000 tons GHG emissions avoided per year; 20GWh annual energy savings. “The project aims to form a sustainable market for investments in the field of renewable energy and energy efficiency,” said Parvanyan. He added that on March 10-12 Yerevan will host an exhibition on energy efficiency, during which modern energy efficient technologies and equipment will be presented. 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 | Exclusive access to all EURO 2024 games for Ucom subscribers This year once again Ucom stands as the primary partner of UEFA EURO 2024 in Armenia. Pashinyan congratulates Putin on Russia Day Nikol Pashinyan sent congratulatory messages to Vladimir Putin and Mikhail Mishustin on the occasion of Russia Day. Armenia, U.S. to upgrade Strategic Dialogue meeting to Strategic Partnership Commission The two governments have release a statement on the occasion of the U.S.-Armenia Strategic Dialogue Capstone meeting. Azerbaijan complains to Germany about Armenia's constitution Bayramov has complained about the Armenian constitution to his German counterpart Annalena Berbock. |