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, commissioning and maintaining a 250 MW gas-fueled combined cycle electricity station in Yerevan, Armenia.
The tariff plan of the agreement has been re-negotiated at the request of the new government. As result, the tariff in the framework agreement has been reduced.
Country updates
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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
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November 08, 2017
The plant went online
