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Small HPS To Generate 10-15% Of Countries Electricity

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  • Small HPS To Generate 10-15% Of Countries Electricity

    SMALL HPS TO GENERATE 10-15% OF COUNTRIES ELECTRICITY
    By Ara Martirosian

    AZG Armenian Daily
    03/11/2006

    During the last 3 years 17 small hydro power stations (HPS) were built
    in Armenia as against 18 HPSs in 2004, Robert Nazarian, head of the
    Commission Regulating Public Services, said at a seminar dedicated
    to issues of financing projects for construction of small HPSs. He
    also said that by 2010 50 more small HPSs will be built making their
    total number 97. The small HPS will generate 10-15% of the countries
    electricity in 4 years.

    A department chief at the Commission, Abgar Budaghian, presented
    in details the tendencies of development in the sphere of small
    HPSs. He informed that currently the small HPSs account for 2-2.5%
    of electricity. Most of the 51 HPSs that are being built today are
    located on, irrigation systems and drinking water sluices. In 2010
    their combined power will amount to 175 megawatt and 644 million
    kilowatt-hour a year. To reach this index 47 million drams is needed
    to be invested in the sphere.

    Electricity tariff during 15 years for the HPSs built on natural
    currents will amount to 4.5 cents for 1 kilowatt-hour (without VAT);
    for the HPSs built on irrigation systems it will be 3 cents and 2
    cents for those on drinking water sluices. This means that risks for
    investors are reduced to minimum to attract finances for development
    of the sphere.

    Tamar Babayan, representative of Armenia's Regenerative Energetics
    Fund, presented the small HPSs loan mechanisms. She said that the
    World Bank, International Development Association and the European
    Bank for Reconstruction and Development participate in financing
    of the project. The minimal amount of the loans is $30 thousand and
    maximal is $2 million. Loans are available both in USD and AMD. Money
    needed for construction of a small HPS is $500 thousand. The loan
    can be granted on terms of increasing the amount of generated energy,
    raising stations' power to 10 megawatt etc.
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