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WB Considers Financing Project on Geothermal Energy in Armenia

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  • WB Considers Financing Project on Geothermal Energy in Armenia

    WORLD BANK EXPERTS CONSIDER POSSIBILITY TO FINANCE PROJECT ON
    DISCOVERY OF GEOTHERMAL ENERGY IN ARMENIA



    YEREVAN, FEBRUARY 23. ARMINFO. Armenian Government appealed to the
    World Bank for financing the works on exposure of geothermal energy in
    the Syunik region, chief of the fuel-energy resources department of
    Armenia's Energy Ministry, candidate of technical sciences Andranik
    Aghabalyan told ARMINFO.

    He said that the WB experts will prepare a project report this spring
    and evaluate the works expediency. In case of positive conclusion a
    borehole will be drilled in the Syunik region. It is planned to
    discover a conditioned steam for production of energy and then to
    construct the first geothermal electric power-station in Armenia.

    Aghabalyan noted that "Armenergo" CJSC ordered to conduct nearly
    $50.000 geophysical and geochemical researches last year the Gyumri
    Scientific Research Institute of geophysical and engineering
    seismology. The most perspective plot and the spot for drilling of the
    first borehole were fixed as a result.

    Armenia's Energy Minister Armen Movsisyan informed journalists earlier
    that the program on using of geothermal energy for power purposes
    should be elaborated and confirmed by the end of 2005. -r-
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