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20 companies and consortia have submitted pre-qualification applications to take part in the international tender issued for the construction of the first-ever solar power plant in Armenia in order to attract investors.

As Panorama.am was informed from Armenia’s Ministry of Energy Infrastructures and Natural Resources, the companies represent different countries famous in the sphere.

“The companies applying for the pre-qualification stage represent China, the U.S. Germany, Spain, South Korea, Iran and other countries,” Deputy Minister Hayk Harutyunyan informed.

A tariff competition will be announced between the companies, which will overcome the pre-qualification stage. Preference will be given to the applicant, which will propose the lowest and the most competitive tariff. The competition process will be completed at the early 2018 and the construction of the plant will begin.

According to the source, it is expected that already at the end of 2018 Armenia will operate the first 55MW solar power plant.

According to the investment program approved by the Government, 110MW solar power plants are set to be constructed in six locations in Armenia with the first 55MW plant to be constructed in Masrik site of Gegharkunik Province.