Sputnik News Service
July 2, 2018 Monday 10:52 PM UTC
UAE Company Intends to Invest $200Mln in Wind Power in Armenia – Energy Ministry
YEREVAN, July 2 (Sputnik) – UAE-based energy company Access Power intends to invest $200 million in wind power projects in Armenia, the Armenian Ministry of Energy Infrastructures and Natural Resources said Monday in a press release.
Earlier in the day, Armenian Minister of Energy Infrastructures and Natural Resources Artur Grigoryan met with Access Power managing director Vahid Fotuhi to discuss the company’s investment projects in the country.
"Grigoryan and Fotuhi discussed the project of constructing a 130-MW wind farm in the Gegharkunik region of Armenia by Access Infra Central Asia. Fotuhi expressed his readiness to invest $200 million in expanding the project of constructing wind farms to other regions of Armenia," the press release read.
Grigoryan, in turn, stressed his openness for further discussions that could give impetus to the effective implementation of the company’s investment projects in the country.