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Yervand Otyan

Construction of a new thermal power plant plant will start soon

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The Armenian government has signed an agreement on the construction of a new thermal power plant with the Italian company Renco. The draft treaty was approved at a government meeting on December 18.

The government signed a memorandum on construction with Renco in December 2015. Negotiations with creditors ended in April 2018. In August-September 2018, the government held repeated negotiations. As a result, in November 2018, the tariff was reduced.

Now, on the basis of the memorandum, an agreement is signed that will bring the project to life.

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