RENCO and Siemens Power Ventures have achieved financial close on the 250 MW gas-fueled combined cycle electricity station in Yerevan, Armenia. The companies have closed US$260 million of debt.
In November 2018, the Government of Armenia has approved the amended framework agreement with the ArmPower CJSC and RENCO S.p.A. (Italy) for the development, design, financing, construction, owning under property right, commissioning and maintenance of the power plant. The tariff in the agreed framework has been reduced after the negotiation conducted between parties.
Country updates
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November 01, 2018
Armenia selects RENCO to build 250 MW combined cycle project
The Cabinet has approved the amended framework agreement between the Government of Armenia, ArmPower CJSC and RENCO S.p.A. on designing, developing, funding, constructing, owning under property right,...
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July 05, 2018
FRV to build Masrik-1 solar project in Gegharkunik
Fotowatio Renewable Ventures (FRV) together with its unit FSL Solar will build the 55 MW Masrik-1 solar photovoltaic project located Masrik, Gegharkunik province, Armenia. The com...
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May 15, 2018
The government of Armenia has issued a letter of award (LoA) to Fotowatio Renewable Ventures (FRV) and its unit FSL Solar for the construction of the project
The government of Armenia has issued a letter of award (LoA) to Fotowatio Renewable Ventures (FRV) and its unit FSL Solar for the construction of the project. Construction is expected to start later this year and be completed by 2020
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April 09, 2018
Fotowatio wins Armenia's first solar project
The Ministry of Energy Infrastructure and Natural Resources of the Government of Armenia has announced that Fotowatio Renewable Ventures (FRV) has been selected as the winnin...
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February 16, 2018
Debed Hydro LLC has awarded a contract to Poyry to perform engineering and consulting services related to the hydropower project
