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Lori-Berd power plant to cost $90-$100 mln

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  • Lori-Berd power plant to cost $90-$100 mln

    Lori-Berd power plant to cost $90-$100 mln

    Interfax
    June 15 2004

    Yerevan. (Interfax) - It will cost $90 million - $100 million to build
    the Lori-Berd hydro power plant in Armenia's Lori region, Alexander
    Beck, representative of the German engineering company Fichtner,
    which is working on a feasibility study to build the hydro plant,
    told Interfax.

    The study for the plant, with a capacity of 56 megawatts, will be
    finished by the end of 2004 and will be financed by an EU grant.

    Feasibility studies under the EU program to build five to seven
    hydro power plants with a total capacity of 70 megawatts in Armenia
    are planned to be completed by the end of 2004. The Lori-Berd is the
    largest of the plants.

    German Bank Kreditanstalt fuer Wiederaufbau plans to extend Armenia
    a loan worth 30 million euros in 2005 to implement the program to
    build small hydro power plants.

    Fichtner works in the power and environmental protection sectors.
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