MODERNIZATION OF YEREVAN WATER POWER PLANT TO ALLOW TO INCREASE ITS
CAPACITY BY 2 MW

YEREVAN, JULY 28. ARMINFO. The modernization of the Yerevan Water
Power Plant, a part of the Sevan-Razdan Water Power Cascade, will
allow to increase its capacity by 2 MW, says the production manager of
the International Energy Corporation Gari Bagdassaryan.

The plant’s efficiency will be raised by 5%-6% or 72,000 KW/h. The
corporation’s director general Mels Hakopyan says that they have n
news yet whether the German bank KfW will lend money for the 20 mln
EUR project. The talks with the bank are near completion.

To remind, the International Energy Corporation was set up in May 2003
by the YeES Rossii holding for the operation of the Sevan-Razdan
Cascade consisting of 6 water power plants built in 1930-1962. The
planned capacity of the cascade is 556 MW which is only 18% o the
total electricity generating capacity of Armenia.