Armenia to have gas electric-power station

Armenia to have gas electric-power station

13:11, 22.08.2014

YEREVAN. – The Government of Armenia and Anaklia IEP Holding Ltd. on
Friday signed the fundamentals of an agreement.

The agreement envisions the construction and operation of a 540
MW-capacity gas electric-power station in Armenia.

To implement the project, Anaklia IEP Holding will invest around $600
million, and General Electric-model gas turbines will be installed in
the station.

The Armenian government will assist in a variety of matters.

Construction of the gas electric-power station will help raise
Armenia’s energy security and ensure its viability, develop the
country’s production capacity, and increase the volume of Armenia’s
electricity export.