Government Granted Privileges to Companies Building Solar Stations in Astghadzor and Aragatsotn

Government Granted Privileges to Companies Building Solar Stations in Astghadzor and Aragatsotn
By RA Government Resolutions № 909 - A and № 907 - A dated on June 3, 2021, "Bari Arev" and "AS Energy" LLC received privileges to import the necessary equipment and goods for the construction of solar stations.

"Bari Arev" plans to build three satellite stations with an installed capacity of 5 MW, two in Aragatsotn Community in Aragatsotn Region, one in Astghadzor community in Gegharkunik Region. The company imported goods worth 718 million AMD to Armenia. According to the government's decision, the exemption from customs duties amounted to 67 million AMD.

The total amount of investments envisaged within the framework of the program is 4-7 billion AMD. The program envisages production of 871 million AMD of electricity.

By another resolution of RA Government, the term of payment of value added tax on goods imported at a cost of 250 million AMD by "AS Energy" LLC, which is building a solar station with a capacity of 5 5 MW, was extended for 3 years.

The stations will be built in Astghadzor Community in Gegharkunik Region. The company plans to produce about 9-6 million kWh of electricity per year, which will be sold entirely to ENA.

The total amount of investments envisaged within the framework of the program is 1․6 billion AMD. The total volume of production will make about 230 million AMD a year.

 

June 04, 2021 at 14:16