The Government of the Republic of Armenia has launched a request for qualifications (RFQ) seeking private investors to develop a grid-connected 200 MW solar PV power plant located between the communities of Talin, Dashtadem, and Ashnak in the Aragatsotn marz. The Project will be developed on a Design, Finance, Build, Own, and Operate (DFBOO) basis under one special purpose company (the Project Company) to be jointly owned by the Successful Bidder (85% ownership) and Armenian National Interest Fund CJSC (ANIF) (15% ownership).
The selection of a bidder to develop the Project will be conducted in two stages. The first stage is the RFQ to prequalify the prospective bidders with the required experience and financial resources to deliver the Project as per the requested timeline. The second stage will require bidders to submit proposals in response to the Request for Proposals (RFP).
The initiator of the investment project, Masdar Abu Dhabi Future Energy Company PJSC – Masdar, will be given an opportunity to match its offer with the lowest bid tariff proposed by another Pre-Qualified bidder by proposing at least USD 0,1 cent per kilowatt hour (kWh) lower tariff in case it has not quoted the lowest tariff.
The deadline to submit the qualifications is July 01, 2020. You can find more information about this RFQ on our business opportunity page here.
Country updates
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December 11, 2019
Masdar, ANIF join hands to pursue 400 MW of solar power projects in Armenia
Abu Dhabi Future Energy Company, better known as Masdar, has signed a joint development agreement (JDA) with the Armenian National Interests Fund (ANIF) to develop solar power projects with a tot...
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June 25, 2019
EBRD and IFC to co-finance 55 MW Masrik solar project in Armenia
The European Bank for Reconstruction and Development (EBRD) together with the International Finance Corporation (IFC) has supported the development, construction and operation of a PV plant with an in...
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May 30, 2019
250 MW gas-fueled combined cycle project achieves financial close
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. ...
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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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