Armenia's tender for 55-MW solar project attracts 20 bids
Armenia's Ministry of Energy Infrastructures and Natural Resources has received applications from 20 different bidders from China, USA, Germany, Spain, South Korea, Iran and other countries for the construction of the 50 MW solar project near the village of Masrik in the province of Gegharkunik.
As we reported in late May, Armenia Renewable Resources and Energy Efficiency Fund by the request of the Ministry of Energy Infrastructures and Natural Resources of RA launched a Request for Qualifications (RFQ) seeking private developers or consortia to design, finance, build, own, and operate the grid-connected 55 MWp Masrik-1 solar photovoltaic (PV) power plant project.
According to the ministry, companies that will have passed the preliminary selection phase, will be allowed to take part in the price tender. Preference will be given to the company that presents the lowest and most competitive price proposal. The tender is scheduled to be completed in the second quarter of next year.
The solar project will require an investment of between US$40 million and US$60 million. The project could be expanded to 100 MW at a later stage, depending on the investor’s interest.
Country news
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May 26, 2017
Prequalification Process launched for Masrik-1 PV project in Armenia
Armenia Renewable Resources and Energy Efficiency Fund by the request of the Ministry of Energy Infrastructures and Natural Resources of RA is seeking private developers for the 55 MWp Masrik-1 solar photovoltaic (PV) power plant project.
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February 14, 2017
IFC arranges financing for Armenian hydroelectric power project
IFC, a member of the World Bank Group, has arranged a landmark US$140 million financing package for the Vorotan Hydropower Cascade, one of Armenia’s main power generating facilities, to bolster the country’s supply of clean energy.
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June 16, 2015
ContourGlobal completes purchase of Armenia hydropower asset
ContourGlobal has completed a takeover deal to acquire Vorotan Hydroelectric Complex, which is composed by three hydro-power plants (HPP) located on the Vorotan River in Syunik, Armenia. Read more -
August 19, 2015
ContourGlobal completes Purchase of the Vorotan Hydroelectric Facility
ContourGlobal and the Republic of Armenia announced the completion of the acquisition of the assets of the Vorotan hydroelectric facility, a series of three individual power plants with a total electrical capacity of 405 MW on the Vorotan River in southern Armenia. Read more
