The process of constructing a new thermal power plant with 25 MW capacity will be launched next to 'Yerevan TPP' in the areas of Yerevan City. USD 250 million will be invested in the project. The construction activities will be complete within 26 months.
Relevant agreements were signed under the framework arrangement concluded between the Government of the Republic of Armenia, ArmPower CJSC and Renco SA still on 13 November 2018., while on 17 January 2019 the Executive approved the Direct Agreement.
The agreement includes an obligation, which says the site developed will submit to the Government copies of the contracts signed with the funding parties.
18:45 January 17, 2019