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Czechs Bet On Armenian Hydropower Resources

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  • Czechs Bet On Armenian Hydropower Resources

    CZECHS BET ON ARMENIAN HYDROPOWER RESOURCES

    ADP News Renewable Energy Track
    May 10, 2010 Monday 3:49 PM EEST

    Being attracted by rich hydropower resources in Armenia, Czech
    entrepreneurs are on track to invest in construction of hydropower
    plants (HPPs) in the country, prime minister Tigran Sarkisian said
    yesterday.

    Commenting on a last week visit to Prague and talks with Czech prime
    minister Jan Fischer, Sarkisian said that some Armenian companies
    are already cooperating with Czech companies on a building and
    reconstructing small-scale HPPs.

    Last year, Armenian HPPs produced about 2 billion kWh of electricity,
    almost one third of overall 5.8 billion KWh generated in 2009.

    According to experts, at present only one third of the country's
    hydropower resources are being used.
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