ArmInfo. Prime Minister of Armenia Nikol Pashinyan attended today the opening of the new gas fired combined cycle power plant of 254 MWe in Yerevan, the press service of the Premier reports.
The PM toured the power plant, got acquainted with the works done so far accompanied by Giovanni Rubini, CEO of Renco Company.
Around 270 million USD has been invested for the project. 1200 workers were involved in the construction works and 50 new permanent jobs have been created since the launch of the power plant. It was mentioned that after the completion of the adjustment works, the power plant will supply the cheapest electricity produced by similar stations to the energy network of the Republic of Armenia. The groundbreaking ceremony of the power plant with the participation of Prime Minister Pashinyan had taken place on July 12, 2019.
To recall, on November 13 an agreement was signed on the construction of a new thermal unit in Yerevan. After signing an agreement with the Renco Company, which will build the heat generation facility, answering the question of ArmInfo. Minister of Energy Infrastructures and Natural Resources of the Republic of Armenia Garegin Baghramyan informed that a new unit with a combined steam and gas cycle will be built on the territory adjacent to the Yerevan TPP. Construction work will take 25 months. 1200 people will be involved in the project implementation process; another 230-250 people will be provided with permanent work and high wages during the operation of the unit. According to the results of intensive two-month negotiations with Renco companies, it was possible to reach an agreement on the electricity tariff - it will be 5.7 cents per 1 kW / H instead of the previously agreed tariff of 6.02 cents. Thus, the cost from the future generation facility will be the lowest among similar units operating in Armenia and will make 27.4 drams per 1 kW / h. electricity. For example, the tariff from the fifth block of the Hrazdan TPP is equal to 31.5 drams, and from the current block on the Yerevan TPP - to 29.4 drams. Thus, Garegin Baghramyan continued, $ 6.4 million will be saved every month. During construction, the best efficient technologies will be used, and the efficiency will be 53%, while this indicator of the fifth block of the Hrazdan TPP is 44%, and the Yerevan TPP - 49%. After two months of preparation, I continued. Minister, the project will enter the practical phase and construction will begin. In turn, Giovanni Rubini is Chief Executive Officer at Renco Spa, stressed that for the first time in the last 20 years, Renco will implement a project in Armenia that will correspond to the company's activities - electricity generation. The total investment will amount to $ 250 million. The new technologies will be used in the construction of the facility, with the result that the new unit will have a high level of efficiency and will become the only unit of this level in the region. He stressed that 40% of the shares in the company that will operate the unit will belong to the general contractor of the project, ''Siemens'' company, and the remaining 60% to Renco.
