MODERNIZATION OF YEREVAN THERMAL POWER PLANT
TO START NEXT YEAR
00:00, 20 November, 2006
YEREVAN, NOVEMBER 20, ARMENPRESS:Armenian energy minister Armen Movsisian said the results of a
tender announced for modernization of the Yerevan Thermal Power
plant will be summed up in a couple of months. He said the
modernization project is expected to be started in early 2007 and
end in 2008.
The government of Armenia has received a $150 million credit from the
Japanese International Cooperation Bank to do the job. The bulk of this
money will be spent on construction of a new powerful 250 megawatt capacity
turbine working on natural gas.
Experts say the modernization will result in reducing the prime cost of 1
kilowatt/hour electricity from current 400 drams to 160-170 drams. The
updated plant will produce one sixth of the overall domestic power demand.
The minister said the thermal power plant was removed from the list of
state-owned enterprises subject to privatization, as demanded by the credit
agreement.-0-/39/