British Grange Power LLC to build thermal power plant in ArmeniaFebruary 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |