  UAE's Ocean Holding to invest $100 mln in Armenia's energy sector March 22, 2017 - 15:07 AMT PanARMENIAN.Net - A memorandum of understanding was signed between Armenia's ministry of energy infrastructures and natural resources and Ocean Holding LLC in Abu Dhabi, UAE on Wednesday, March 22. The cooperation will seek to develop the renewable energy sector in Armenia and provide Ocean Holding an opportunity to make investments in solar energy projects. Beginning this year, Ocean Holding intends to invest $100 million in solar photovoltaic power plants in Armenia and operate them using the most advanced technology currently available. The ministry, in turns, aims to create favorable conditions for Ocean Holding. The investments will be carried out in several phases. The deal was signed on the sidelines of the Armenia Investment Forum 2017 in Abu Dhabi, UAE, with Armenian president Serzh Sargsyan and Deputy Supreme Commander of the UAE Armed Forces Sheikh Mohammed bin Zayed bin Sultan Al-Nahyan also participating.   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 Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year  German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year.Ucom equips four bus stops in Ijevan with free Wi-Fi Ucom now provides free Wi-Fi coverage in smart bus stops in four communities of Ijevan.Armenians stage more campaigns against territorial concessions to Azerbaijan Protesters blocked more roads across Armenia on Friday, April 26 in continuing attempts to scuttle territorial concessions to Azerbaijan.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. |
