Fifth energy bloc of Hrazdan-5 thermal power plant to be launched in July 2010

PanARMENIAN.Net - The fifth energy bloc of "Hrazdan 5" thermal-power plant will launched in July 2010, ArmRosGazProm CJSC's General Director Karen Karapetyan told journalists. "That's a unique station, with a new 480 MGWT power modern bloc being built next to the one inherited from Soviet times," he said, adding that the two blocs will operated jointly as a new know-how project not implemented by anyone so far.



Despite financial crisis, ArmRosGazProm CJSC continues modernization of the 5th energy bloc of Hrazdan-5 thermal power plant. Within project frameworks, the plant signed relevant contracts with 49 local and 109 foreign organizations.



Experts and business partners estimate this an unprecedented project in terms of its technical capacities.



Company's 2006-09 investments in bloc construction and modernization comprised $ 376 million, of which $248,8 is envisaged for acquiring premises.



Investments for January-September 2009 comprised AMD 24 billion. The program was made possible due to company's means, as well as invested sums. In terms of attracting investments, ArmRosGazProm cooperates with local and foreign financial institutions and conducts talks for long-term credits.



Construction of 5th energy bloc is due to be completed in 2010. Upon launching production, company intends to start energy export.