ITALIANS ITEND TO BUILD 90 MEGAWATT WIND PLANT IN ARMENIA

YEREVAN, DECEMBER 22, NOYAN TAPAN. Today 50 small hydropower plants
with the total capacity of 250 megawatts operate in Armenia, and
another 50 are in the process of construction. The RA Minister
of Energy Armen Movsisian told reporters on December 22 that the
feasibility studies on construction of a hydropower plant on the Arax
River jointly with Iran have been completed. The respective interstate
agreement will be presented to the presidents of the two countries for
signing, after which the construction work will begin. According to
A. Movsisian, Armenia’s geothermal energy sector is quite promising,
and an American company owned by the Argentinian Armenian businessmen
Eduardo Ernekian has already shown interest in this sector. The company
will start drilling work in Syunik marz next year. The minister said
that an Italian company intends to build a wind power plant with the
capacity of 90 megawatts in the north of Armenia, making investmemts
of 130 million USD.