New Armenian thermoelectric power station to ship electricity to Iran and Georgia

New Armenian thermoelectric power station to ship electricity to Iran and Georgia

The Armenian government approved today the signing of a framework agreement on the design, development, financing, construction, ownership and operation of a new thermoelectric power station (TPS) in Erebuni administrative district of Yerevan, ARKA news agency reports.

According to Energy Infrastructures and Natural Resources Minister Ashot Manukyan, the new power plant will work to cover the shortage of reactive power that other stations can not cover. The construction plan for the TPS envisages the design of the power station working on gas, which can produce nearly 250 megawatts of power and has up to 53% general coefficient of efficiency, as well as plans for its development, financing, construction, operation, and technical maintenance. According to the responsible officials, the investments will be close to 285 million USD.

The construction will last for 26 months and will be concluded in the second half of 2019. During the construction alone created will be 900 temporary jobs, and after it becomes operational there will be created 200 permanent jobs with high wages. The thermoelectric power station and its technical maintenance are designed for 20 years.

The construction work for the third line of the double-lane Armenia-Iran 400kw and Armenia-Georgia 400kw new high voltage energy lines will be concluded in 2019, and considering the fact the construction of this new TPS will also be concluded in 2019, all this can provide Armenia with an opportunity to ensure a secure supply of electric energy to the neighboring countries, becoming a major player at the energy market of the region.