Karabakh building $25M hydroelectric power plant in MartakertAugust 3, 2021 - 13:57 AMT PanARMENIAN.Net - $25 million will be invested into a large hydroelectric power plant set to be built in Martakert, Nagorno-Karabakh (Artsakh), President Arayik Harutyunyan said on Monday, August 2. Harutyunyan held consultations on energy security on Monday, to discuss how Artsakh lost most of its energy capacity in the war unleashed by Azerbaijan in fall 2020. According to him, now Karabakh is forced to import electricity, whereas prior to the war, the country was an energy exporter. "In the current situation, the recovery of Artsakh's economy largely depends on our energy capacity. Therefore, in order to restore energy self-sufficiency and stimulate economic development, we have decided to build a new large hydroelectric plant," Harutyunyan said. The HPP with a capacity of 17.6 MW will be built in the territory of Getavan community of Martakert region. The $ 25 million project will be launched through the Artsakh Investment Fund, but other investors will also get to join. Top stories Six total incidents have burned 19 old-growth trees. Friday night 8 trees were torched along the beautiful main entrance. The EU does not intend to conduct military exercises with Armenia, Lead Spokesperson for EU Foreign Affairs and Security Policy Peter Stano says. Hikmet Hajiyev has said that there is no place for USAID operation in Azerbaijan any longer. A telephone conversation between Putin and Pashinyan before the CSTO summit is not planned, Peskov says. 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. Armenia PM, France envoy discuss regional matters Issues related to the consistent development of Armenia-France cooperation were discussed. Azerbaijan razes historic Armenian church to ground Azerbaijan has demolished the historic Armenian Church of St. John the Baptist (known as Kanach Zham). |