Italian Renco to build new power house in YerevanNovember 20, 2015 - 10:30 AMT PanARMENIAN.Net - The Armenian government on Thursday, November 19, approved the signing of a memorandum with Italian Renco construction company that will build a new power – generating unit in Yerevan, ARKA reports. Energy and Natural Resources Minister Yervand Zakharyan said the power house with 234 MW capacity is planned to be built near the Yerevan thermal power station. He noted that Renco expressed interest in the construction of the power plant and its further operation. According to the Minister, the program envisages a total of $215 million investment. The sides will sign the agreement on the construction of the power unit once the preparatory work is over, he said. "We expect to conclude the construction before the end of 2018,” Zakharyan said. Prime Minister Hovik Abrahamyan ordered the ministry to attend to every detail of the issue and discuss it with all interested parties within 2-3 days. Besides the reconstructed Yerevan Hotel in the Armenian capital, Renco has built the Congress Hotel, the building of the Central Bank in Dilijan and the business center Piazza Grande. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |