Company Having Submitted Lowest Bid for Masrik-1 Solar Power Plant Known

Company Having Submitted Lowest Bid for Masrik-1 Solar Power Plant Known

EcoLur

During the tender arranged for “Masrik-1” – 55 MW capacity solar PV plant, the Financial Proposals of the Pre-Qualified Companies were opened and the name of the investor that offered the lowest electricity tariff was announced. The lowest tariff was proposed by the Consortium comprised of the leading international companies: Fotowatio Renewable Ventures B.V, Netherlands (Lead Sponsor)- FSL Solar S.L., Spain (Anchor Sponsor). The proposed tariff is 0.0419 USD excluding VAT (20.11 AMD). For comparison, the current tariff for small hydropower plants on the natural flows/streams in Armenia is 23.8 AMD, as the Information and Public Relations Department for Ministry of Energetic Infrastructures and Natural Resources Ministry informs.

“Masrik-1” Solar PV plant is planned to be constructed in Mets Masrik community of Gegharkunik province, with the involvement of foreign investments. There are all the necessary preconditions for the construction of a modern powerful PV plant in the area selected for the plant. It will generate up to 120 million kW/h electricity annually. The expected investment amount is about $ 50 million.

 

16:47 April 03, 2018


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