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IFC STUDY PROMOTES HIGH STANDARDS FOR SMALL HYDROPOWER PLANTS IN ARMENIA
PanARMENIAN.Net
June 24, 2011 - 21:00 AMT
PanARMENIAN.Net - IFC, a member of the World Bank Group, has presented
recommendations on improving the design and construction of small
hydropower plants in Armenia. The results of a recent study will help
developers meet international standards and improve the efficiency
of small hydropower plants.
The IFC Armenia Sustainable Energy Finance Project assessed the design
and construction of a number of small hydropower plants in Armenia
to identify areas for improvement. It provided recommendations
to address issues such as the quality of construction materials,
discrepancies between design and construction, and the quality of
electrical installations, aimed at improving the reliability and
security of small hydropower plants.
~SThe results of IFC~Rs assessment will be valuable both for
designers and project developers,~T said Tigran Parvanyan, IFC
Armenia Sustainable Energy Finance Project Manager. "Following IFC~Rs
recommendations should increase the feasibility and efficiency of
small hydropower projects, which will ultimately contribute to energy
self-sufficiency of Armenia.~T IFC presented the key findings of the
study in a two-day seminar that brought together renewable energy
experts, project developers, representatives of companies involved in
the design, construction, and operation of hydropower plants, as well
as representatives of the Ministry of Energy and Natural Resources,
Public Service Regulatory Commission, and other stakeholders.
The IFC Armenia Sustainable Energy Finance Project aims to establish
a sustainable market for energy efficiency and renewable energy
investments and contribute to the energy self-sufficiency of Armenia.
The project, launched in January 2010, is supported by the Austrian
Ministry of Finance. It is part of a broader IFC initiative in
Europe and Central Asia to help companies and governments become more
resource efficient and stimulate investment into renewable energy.
Since Armenia became a member of IFC in 1995, IFC has invested $110
million in 24 projects across industries, including financial markets,
general manufacturing, and mining. IFC Advisory Services provide advice
through projects focusing on the financial sector, sustainable energy,
and investment climate regulatory simplification.
PanARMENIAN.Net
June 24, 2011 - 21:00 AMT
PanARMENIAN.Net - IFC, a member of the World Bank Group, has presented
recommendations on improving the design and construction of small
hydropower plants in Armenia. The results of a recent study will help
developers meet international standards and improve the efficiency
of small hydropower plants.
The IFC Armenia Sustainable Energy Finance Project assessed the design
and construction of a number of small hydropower plants in Armenia
to identify areas for improvement. It provided recommendations
to address issues such as the quality of construction materials,
discrepancies between design and construction, and the quality of
electrical installations, aimed at improving the reliability and
security of small hydropower plants.
~SThe results of IFC~Rs assessment will be valuable both for
designers and project developers,~T said Tigran Parvanyan, IFC
Armenia Sustainable Energy Finance Project Manager. "Following IFC~Rs
recommendations should increase the feasibility and efficiency of
small hydropower projects, which will ultimately contribute to energy
self-sufficiency of Armenia.~T IFC presented the key findings of the
study in a two-day seminar that brought together renewable energy
experts, project developers, representatives of companies involved in
the design, construction, and operation of hydropower plants, as well
as representatives of the Ministry of Energy and Natural Resources,
Public Service Regulatory Commission, and other stakeholders.
The IFC Armenia Sustainable Energy Finance Project aims to establish
a sustainable market for energy efficiency and renewable energy
investments and contribute to the energy self-sufficiency of Armenia.
The project, launched in January 2010, is supported by the Austrian
Ministry of Finance. It is part of a broader IFC initiative in
Europe and Central Asia to help companies and governments become more
resource efficient and stimulate investment into renewable energy.
Since Armenia became a member of IFC in 1995, IFC has invested $110
million in 24 projects across industries, including financial markets,
general manufacturing, and mining. IFC Advisory Services provide advice
through projects focusing on the financial sector, sustainable energy,
and investment climate regulatory simplification.