FIFTH ENERGY BLOC OF HRAZDAN-5 THERMAL POWER PLANT TO BE LAUNCHED IN JULY 2010

PanARMENIAN.Net
20.10.2009 13:52 GMT+04:00

/PanARMENIAN.Net/ The fifth energy bloc of "Hrazdan 5" thermal-power
plant will launched in July 2010, ArmRosGazProm CJSC’s General Director
Karen Karapetyan told journalists. "That’s a unique station, with a
new 180 MGWT power modern bloc being built next to the one inherited
from Soviet times," he said, adding that the two blocs will operated
jointly as a new know-how project not implemented by anyone so far.

Despite financial crisis, ArmRosGazProm CJSC continues modernization of
the 5th energy bloc of Hrazdan-5 thermal power plant. Within project
frameworks, the plant signed relevant contracts with 49 local and
109 foreign organizations.

Experts and business partners estimate this an unprecedented project
in terms of its technical capacities.

Company’s 2006-09 investments in bloc construction and modernization
comprised $ 376 million, of which $248,8 is envisaged for acquiring
premises.

Investments for January-September 2009 comprised AMD 24 billion. The
program was made possible due to company’s means, as well as invested
sums. In terms of attracting investments, ArmRosGazProm cooperates
with local and foreign financial institutions and conducts talks for
long-term credits.

Construction of 5th energy bloc is due to be completed in 2010. Upon
launching production, company intends to start energy export.