Armenia has biggest potential in Caucasian region for development of mini hydro power plantsJune 9, 2010 - 18:56 AMT PanARMENIAN.Net - Thomas Lubeck, the International Financial Corporation (IFC) Regional Head, Caucasus, said that Armenia has the biggest potential in the Caucasian region for the development of hydropower plants. It is important to have renewable energy sources inside the country, as currently Armenia is importing 2/3 of energy sources, Lubeck told journalists in Jermuk town, Vayots Dzor region of Armenia. According to him, hydropower plants are also advantageous, as carbon dioxide is not emitted. “Hopefully, carbon dioxide emissions will reduce by 30t in Armenia upon completion of the program on construction of mini hydro power plants,” said Lubeck. For his part, head of the Program on Financing of Stable Energy of Armenia Tigran Parvanyan said that today there is a great potential of primary energy. 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 | 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. Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. Aram I supports Karekin II’s “patriotic position” Catholicos of the Great House of Cilicia Aram I has expressed support for the Mother See of Holy Etchmiadzin. |