First-ever geothermal power station to be built in ArmeniaJuly 19, 2016 - 18:15 AMT PanARMENIAN.Net - Drilling works have launched for the construction of a geothermal power station in Karkar community of Armenia's Syunik province, the first-of-its-kind plant in the country. In case the results of geological surveys carried out in the area are approved, a 30 MW geothermal power station will be constructed here with an annual production capacity of up to 250 million kilowatts of electricity. The drilling works are co-financed by the Climate Investment Fund and the government which have provided $9 million and $2 million, respectively. Three wells with a depth of 1500 meters each will be dug. Based on the results, a final assessment of the area's geothermal resource will be provided. Accordingly, an international tender will be announced to find investors for the construction of the station, priority will be given to the participant offering the lowest price. The construction of the plant is estimated at $100 million. It is an environmentally friendly and renewable energetic resource which can turn into a long-term source of electricity production in the event of correct operation. 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 | European Parliament to discuss repression in Azerbaijan The European Parliament will discuss repression of civil society in Azerbaijan on April 24 PACE wants concessions from Azerbaijan to accept Baku back A PACE co-rapporteur said that Azerbaijani authorities must make certain concessions so that the country can return to PACE. Cyprus parliament honors Armenian genocide victims Acting House President Zacharias Koulias noted that April 24 marks the “black anniversary” of the Armenian genocide. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. |