arka.am 23 Nov, 2016
In 2017, the government of Armenia will announce an international tender for the construction of a 50 MW solar power plant near the village of Masrik in Gegharkunik province. The expected investment will range from $40 to 70 million. A $58 million worth program designed to boost alternative energy sources in Armenia kicked off in 2015 summer. The 5-6 year program is being handled by the Renewable Energy and Energy Efficiency Foundation with the support of the Climate Investment Funds, the Ministry of Energy Infrastructures and Natural Resources of Armenia, as well as with the assistance of the World Bank and the Asian Development Bank. The main stage of activities of the program will start in 2017. When it is completed Armenia is to have solar power plants with the total capacity of 40-50 MW, which will be ready for operation by 2020.