Armenia to have gas turbine power plant
The Armenian government and Anaklia IEP Holding today signed the fundamentals of the agreement on the construction of a 540 MW-capacity gas turbine power plant in Armenia, the Ministry of Energy and Natural Resources reports.
Anaklia IEP Holding is to invest around $600 million in the project. Gas turbines produced by General Electric company will be installed in the power plant.
The Armenian government will assist in the implementation of the project.
The construction of the gas turbine power plant will ensure security of Armenia’s energy system as well as will expand the country’s ability to export electricity.