RUSSIAN AND IRANIAN COMPANIES SUBMIT OFFERS ON COMPLETION OF 5TH POWER
UNIT OF RAZDAN TPS

YEREVAN, MARCH 29. ARMINFO. Armenian Ministry for Energy will publish
its conclusion concerning the investment offers of three companies on
completion of the 5th power unit of the Razdan Thermal Power Station
(TPS) within 1-2 month, Energy Minister Armen Movsissyan informed
journalists, Mar 29.

In his words, “Gasprom” OJSC and “Russian UES” JSC presented a joint
technical-and-commercial offer to the Ministry some days ago.
According to the offer, it is planned to complete the 5th power
station of the TPS with 300 Mgwt installed capacity and supplement it
with up-to-date 150 Mgwt gas turbine capacity. Gas consumption for
production of 1 Kw electric power will total nearly 250-270 gram as
against 330 gram in accordance with unit’s previous project.
Movsissyan refused to call the cost of Russian companies’ investment
program. However, it should be noted that President of “Russian UES”
Anatoly Chubays informed Russian mass-media that the $120 mln would be
required to realize the project. An Iranian company (Movsissyan did
not mention its name) presented the another offer on completion of
TPS’s 5th power unit. Both offers are being discussed at present and
it is early to draw any conclusions, Minister said.

Movsissyan noted that supplies of electric power in exchange for
Iranian gas after construction of Iran-Armenia gas pipe-line will be
fulfilled from those TPS which will be more efficient. In this case,
the project of reconstruction of the Yerevan TPS out of the proceeds
of $150.2 mln Japanese government’s credit (it is planned to consume
about 160-170 gram of gas to produce 1 Kw electric power as against
current 372 grams) rivals with the Razdan TPS.

To add, “Russian UES” JSC has stated about its interest to become the
operator on exchange of Armenian electric power instead of Iranian
gas. -r-