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Gorbachev's Fund To Assist Development Of Alternative Energy In Arme

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  • Gorbachev's Fund To Assist Development Of Alternative Energy In Arme

    GORBACHEV'S FUND TO ASSIST DEVELOPMENT OF ALTERNATIVE ENERGY IN ARMENIA

    news.am
    Aug 19 2011
    Armenia

    YEREVAN.- Green Cross International, formed by former Soviet leader
    Mikhail Gorbachev, will allocate funds to build a plant producing
    solar power generators in the Armenian city of Spitak.

    Head of the programs on solar power plants Vahagn Hamazaspanyan said
    it will help Armenia overcome economic crisis as not a single country
    is producing such equipment, while the demand is growing.

    At the same scientist complained that the Armenian Government has
    not lifted a finger to develop this field. For instance, the National
    Security Council headed by Arthur Baghdasaryan has recently approved
    strategic program for energy security which did not mention solar
    units, he told journalists.

    Preliminary investments in the project are amounting to $8 million.

    The plant is supposed to produce up to 1,000 units with different
    capacities (3-32 kilowatt). One generator with a capacity of 32 kW
    is sufficient to supply electricity to a household.

    At the moment, negotiations are being held with Brazil and Mozambique
    to promote further exports of solar installations.


    From: Baghdasarian
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