5 MINI WATER POWER PLANTS IN THE FIRST STAGE

KarabakhOpen
14-05-2008 10:49:17

The meeting of government on May 13 focused on the energy sector,
and affirmed the program for development of the sector.

It was announced that it is foreseen to set up 24 or 25 mini water
power plants as part of a long-term program, 5 of which will be
built in the first stage. 3 will be built on the river Trghe, 2 on
the Tartar, near the village of Mataghis.

The head of the department of industrial infrastructures Valery Balayan
said in the upcoming 3 years 90 percent of the demand of NKR will
be supplied, and in the second stage Karabakh will be able to export
electric power. It was also noted that the sector will be modernized.

Prime Minister Ara Harutiunyan said the program will be implemented
on government investments, as well as private, both local and foreign
investments and the resource of the commercial banks.

The government has also affirmed the reorganization of Artsakh Water
Power Plant into an open joint-stock company. The NKR government
holds the state-owned shares.