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Armenian President Visits Yerevan Thermal Power Plant

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  • Armenian President Visits Yerevan Thermal Power Plant

    ARMENIAN PRESIDENT VISITS YEREVAN THERMAL POWER PLANT

    /ARKA/
    September 28, 2009
    YEREVAN

    YEREVAN, September 28. /ARKA/. On Saturday President Serzh Sargsyan
    visited the Yerevan Thermal Power Plant to observe the construction
    of the new power unit of the plant the presidential press service
    said to ARKA.

    The construction of the new power unit began on July 30 2008 and is
    to be completed by April 2010.

    The construction of the new power unit will allow to raise the
    reliability of Armenia's power grid, to optimize energy flows, which
    will in turn cut energy losses at energy distribution stations,
    the presidential press office said.

    Speaking to journalists on the site, Energy Minister Armen Movsisyan
    said 75% of the construction work was over. "It will be a modern
    plant with a 272 MW installed capacity to generate electric power at
    twice-reduced consumption of gas' the minister said.

    "The modern European technologies will enable to half the consumption
    of natural gas which is crucial under the price increase," the
    minister said, adding that the price policy as well as generating
    capacity will be effective and flexible.

    The Japanese Bank of International Cooperation (JBIC) provided Armenia
    with a $240 million loan to back the construction of the combined-cycle
    power plant.

    Construction process, from design to material and equipment procurement
    to engineering and installation is being handled by Korean GS Engine
    ering & Construction firm that won a US$218 million project from
    Yerevan Thermal Power Plant.

    The Yerevan Thermal Power Plant was built in 1963-64. Its designed
    capacity is 550 megawatt.

    Currently only one of its seven units with a 50 megawatt capacity
    operates.
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