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MASDAR TO BUILD SECOND 200 MW CAPACITY PHOTOVOLTAIC POWER PLANT IN ARMENIA


ARKA News  

 

    ENERGY

    YEREVAN, January 17. /ARKA/. Armenian President Armen Sarkissian, who is on a working visit to the UAE, held a meeting in Abu Dhabi with Masdar CEO Mohammed Jameel Al Ramahi to discuss the possibilities of developing cooperation in the fields of renewable energy, technologies, science and education, the presidential press service reported.

    It said stressing that the joint construction of a 200 MW photovoltaic power plant, which is being implemented jointly with Masdar in Armenia is the first step in mutually beneficial cooperation, Sarkissian expressed satisfaction with the agreement reached on the construction of the second photovoltaic power plant with a capacity of 200 MW.

    The President noted that the construction of power of photovoltaic power plants in Armenia with a total capacity of 400 MW creates a good basis for broader cooperation and is an important step towards diversifying the country's energy system. "I hope that this project will create a basis for long-term cooperation," he said.

    Sarkissian also expressed satisfaction with the effective cooperation between Masdar and the Armenian National Interests Fund on the implementation of the Ayg-1 project.

    The interlocutors also discussed the possibilities of large-scale investments in the field of wind energy in Armenia.

    Under an agreement signed last November by Armenia and UAE-based Masdar Company, the governmental of Armenia will show support for the company in construction of Aig-1 photovoltaic power plant with 200 megawatt capacity in Armenia.

    Masdar won earlier the tender for the construction of the solar power plant pledging to invest $320 million in the development of renewable energy in Armenia. Masdar offered a rather low tariff of 2.99 cents per 1 kWh.

    In 2019 December the Abu Dhabi-based clean energy group Masdar entered into a formal agreement with the Armenian National Interests Fund (ANIF) to develop 400 MW of PV capacities in Armenia, with a projected investment of up to $320 million.

    Masdar Clean Energy is a leading developer and operator of utility-scale renewable energy projects, community grid projects, and energy services consultancy. It is present in UAE, Jordan, Mauritania, Egypt, Morocco, UK, Serbia and Spain. -0-

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