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ARMENIAN PARLIAMENT APPROVES ARMENIA'S AGREEMENT WITH
JAPANESE JBIC
YEREVAN, MAY 25. ARMINFO. The Armenian Parliament approved today the
agreement on the Japanese Bank for International Cooperation lending
Armenia $150.2 mln for modernizing the Yerevan thermal power plant.
This project will allow Armenia to save $19 mln on natural gas a
year, Deputy Energy Minister of Armenia Ara Simonyan said today while
presenting the relevant Armenian-Japanese agreement for the
parliament's approval.
The economy will be ensured by modern technologies. The JBIC loan
will be used for the construction of a new 200-210 MW power unit of
combined cycle. Simonyan says that to produce 1 KW/h both the Yerevan
and Hrazdan thermal power plants presently consume 371-372 g of
conventional fuel while the new unit will use only 178 g - at worst
226 g. The Yerevan TPP will work for 7,000 h a year and will produce
1.4-1.5 bln KW/h. To compare, last year whole Armenia produced 6 bln
kw/h.
The above project is directly connected with the construction of the
Iran-Armenia gas pipeline - Armenia will pay for Iranian gas in
electricity produced by the Yerevan TPP - 3 kw/h for 1 c m. Presently
the Yerevan TPP works at 50 MW and ensures 1/6 of Armenia's total
electricity output. The new unit is to be finished by 2008. The JBIC
loan is given for 40 years at 0.75% with the grace period of 10
years.
JAPANESE JBIC
YEREVAN, MAY 25. ARMINFO. The Armenian Parliament approved today the
agreement on the Japanese Bank for International Cooperation lending
Armenia $150.2 mln for modernizing the Yerevan thermal power plant.
This project will allow Armenia to save $19 mln on natural gas a
year, Deputy Energy Minister of Armenia Ara Simonyan said today while
presenting the relevant Armenian-Japanese agreement for the
parliament's approval.
The economy will be ensured by modern technologies. The JBIC loan
will be used for the construction of a new 200-210 MW power unit of
combined cycle. Simonyan says that to produce 1 KW/h both the Yerevan
and Hrazdan thermal power plants presently consume 371-372 g of
conventional fuel while the new unit will use only 178 g - at worst
226 g. The Yerevan TPP will work for 7,000 h a year and will produce
1.4-1.5 bln KW/h. To compare, last year whole Armenia produced 6 bln
kw/h.
The above project is directly connected with the construction of the
Iran-Armenia gas pipeline - Armenia will pay for Iranian gas in
electricity produced by the Yerevan TPP - 3 kw/h for 1 c m. Presently
the Yerevan TPP works at 50 MW and ensures 1/6 of Armenia's total
electricity output. The new unit is to be finished by 2008. The JBIC
loan is given for 40 years at 0.75% with the grace period of 10
years.