MODERNIZATION OF YEREVAN THERMAL POWER PLANT TO START NEXT YEAR
Armenpress
Nov 20 2006
YEREVAN, NOVEMBER 20, ARMENPRESS: Armenian energy minister Armen
Movsisian said the results of a tender announced for modernization
of the Yerevan Thermal Power plant will be summed up in a couple
of months.
He said the modernization project is expected to be started in early
2007 and end in 2008.
The government of Armenia has received a $150 million credit from
the Japanese International Cooperation Bank to do the job. The bulk
of this money will be spent on construction of a new powerful 250
megawatt capacity turbine working on natural gas.
Experts say the modernization will result in reducing the prime
cost of 1 kilowatt/hour electricity from current 400 drams to 160-170
drams. The updated plant will produce one sixth of the overall domestic
power demand.
The minister said the thermal power plant was removed from the list
of state-owned enterprises subject to privatization, as demanded by
the credit agreement.