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 | Turkey extends military presence in Azerbaijan The Turkish parliament has adopted a bill submitted by Recep Tayyip Erdogan to extend the mandate of Turkish troops. Russia to begin assessing migrant workers' speaking skills Rosobrnadzor is planning to change the Russian language exam for migrant workers and include an assessment of speaking skills Armenian, Saudi Foreign Minister meet in Riyadh The two commended the positive dynamics of the development of political dialogue between Armenia and Saudi Arabia Pashinyan: Azerbaijan’s proximity shouldn’t worry border residents At the same time, he said that he “does not guarantee [the security of villagers] one hundred percent”. |