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ARG Has Invested $376 Million In Fifth Unit Of Hrazdan Power Plant

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  • ARG Has Invested $376 Million In Fifth Unit Of Hrazdan Power Plant

    ARG HAS INVESTED $376 MILLION IN FIFTH UNIT OF HRAZDAN POWER PLANT

    ARKA
    Nov 4, 2009

    YEREVAN, November 4, /ARKA/. Armenia's national gas operator
    ArmRosGazprom (ARG) said in a statement it has invested a total of
    $376 million in the fifth unit of Hrazdan thermal power in 2006-2009,
    including $248.8 million paid for the Hrazdan facility, of which
    almost $189 million in natural gas supplies to Armenia.

    According to the statement, the fifth unit of the power plant will
    come online in 2010 July. 'As a result Armenia will have effective
    and competitive 400 megawatt power generating capacities.'

    The statement said the company has brought state-of-the-art equipment
    to assemble the steam generating unit of the fifth unit that will
    make the project unique not in the region but also in the word.

    The Hrazdan power plant will be working on Iranian gas and will sell
    part of electricity to Iran as payment for gas.

    ARG' statement said the company has received a 4,000 kilowatt-ampere
    transformer and besides a block transformer, two German-made water
    boilers, as well as Alstom-made equipment for the gas turbine are
    going through the customs clearance and will arrive at the site soon.

    Anatoliy Podmyshalsky, deputy chairman of ARG and head of a Gazprom
    department in charge of former Soviet republics, was quoted as saying
    that everything is being done to have the fifth unit come online in
    2010 summer.

    ARG was founded in 1997. The Russian Gazprom owns 80% in it, the rest
    is held by the Armenian government.
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