WORLD BANK EXPERTS CONSIDER POSSIBILITY TO FINANCE PROJECT ON
DISCOVERY OF GEOTHERMAL ENERGY IN ARMENIA
YEREVAN, FEBRUARY 23. ARMINFO. Armenian Government appealed to the
World Bank for financing the works on exposure of geothermal energy in
the Syunik region, chief of the fuel-energy resources department of
Armenia’s Energy Ministry, candidate of technical sciences Andranik
Aghabalyan told ARMINFO.
He said that the WB experts will prepare a project report this spring
and evaluate the works expediency. In case of positive conclusion a
borehole will be drilled in the Syunik region. It is planned to
discover a conditioned steam for production of energy and then to
construct the first geothermal electric power-station in Armenia.
Aghabalyan noted that “Armenergo” CJSC ordered to conduct nearly
$50.000 geophysical and geochemical researches last year the Gyumri
Scientific Research Institute of geophysical and engineering
seismology. The most perspective plot and the spot for drilling of the
first borehole were fixed as a result.
Armenia’s Energy Minister Armen Movsisyan informed journalists earlier
that the program on using of geothermal energy for power purposes
should be elaborated and confirmed by the end of 2005. -r-