Armenia to Build its Largest Solar Power Plant

Abu-Dhabi-based renewable energy company Masdar has been selected by the government of Armenia as the winning bidder to build the country’s biggest utility-scale solar project.

An estimated $174 million (£126.1m) will be invested in the 200MW plant that will span more than 500 hectares.

According to the government, Masdar was “the initiator of the investment project." Following Masdar's offer, the government announced an international tender for a large-scale solar power plant in 2019. Masdar was given the opportunity to beat the lowest tariff proposed by any other company.

Masdar’s original bid of $0.0299 per kilowatt-hour, however, was turned down by the government for being too high. Masdar then lowered the price, offering to build the 200-megawatt plant for $0.0290 per kilowatt-hour.

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With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
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Economy

Armenia to Build its Largest Solar Power Plant

Abu-Dhabi-based renewable energy company Masdar has been selected by the government of Armenia as the winning bidder to build the country’s biggest utility-scale solar project.

Last 7 Days Hot Topic

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Armenia to Build its Largest Solar Power Plant

Abu-Dhabi-based renewable energy company Masdar has been selected by the government of Armenia as the winning bidder to build the country’s biggest utility-scale solar project.

Last 7 Days Hot Topic

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC 01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path 02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine 03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul 04

Georgia Sees Surge in Electric Vehicle Registrations 05

Levan Lepsveridze Joins Jury at Cannes International Festival 06

With the support of the International Visegrad Fund (IVF), a meeting was held in the city of Zugdidi within the framework of the ongoing project at the Energy Training Center of GNERC
01

The EU Urges Georgia to Refrain from Adopting Legislation that can Compromise Georgia’s EU Path
02

Japanese Cafe Fumfula Expands in Tbilisi Amid Rising Popularity of Asian Cuisine
03

Georgia-Korea Investment Promotion and Protection Talks Advance in Seoul
04

Georgia Sees Surge in Electric Vehicle Registrations
05

Levan Lepsveridze Joins Jury at Cannes International Festival
06