97 Small Electric Power Stations To Function In 2010

[MosJan]

97 SMALL ELECTRIC POWER STATIONS TO FUNCTION IN 2010

 

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By 2010 the number of small hydroelectric power stations will reach 97 with total capacity of 175.5 Mvatt, Abgar Budagyan, head of investment department of the commission on regulating public services, told a seminar today.

 

In his words, 47.4 billion drams will be needed for the construction of the power stations. From 1997 to 2004 18 small hydroelectric power stations were built and from 2004 to 2006 another 17 were built in Armenia. Budagyan said the hydroelectric power stations produce 2% of the total energy output, which is planned to grow up to 10% in 2010.

[MosJan]

TEMPTING SPHERE

 

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article's photo

The further reconstruction and development of the Armenian small hydroelectric power stations requires long-term credits and great investments.

 

It can not be implemented with the sum allotted by the state budget as it is too little.

 

Today, the Committee Regulating Public Services (CRPS) and “Energy Fund” convened a joint seminar to present the current state of hydropower plants to the banks, investors and owners of small hydroelectric power stations.

 

Robert Nazaryan, head of CRPS, assures that investments in the above-mentioned sphere seem to be “attractive, promising and not risky.”

 

There were 11 small hydroelectric power stations in Armenia in 1997, most of them were tumbledown and didn’t work. In 2004 their number was increased to 29. At present there are already 46 small hydropower stations in Armenia. Mr. Nazaryan assumes that they will outnumber 51 by 2010.

[hosank]

my uncle in hayasdan is actually heading one of these projects, im an investor in it