  British Grange Power LLC to build thermal power plant in Armenia February 4, 2016 - 17:02 AMT PanARMENIAN.Net - The government on Thursday, February 4 approved signing of a memorandum on construction of a new thermal power plant near the Armenian town of Vanadzor with a combined gas and steam cycle capacity of 234 MW. As ARKA reports, the memorandum will be signed between the Ministry of Energy and Natural Resources and British Grange Power LLC. According to Minister Yervand Zakharyan, about $220 million will be invested in the project; the agreement will be signed within four months, followed by the launch of construction. It was reported earlier that the Armenian government would help Grange Power LLC to acquire a land plot for the power plant. The company pledged to use its own means to build a thermal power plant within 30 months, while the government of Armenia was to ensure gas supply for at least 20 years.   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 |  Latest 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. |
