Official opening of new gas-steam combined cycle power unit at the Yerevan heat and power (CHP), which was attended by President Serzh Sargsyan.

The total installed capacity of the new Yerevan TPP is 271.7 MW, with power capacity of the plant – 242 MW, and thermal – 434.9 GJ / h.

At the opening ceremony of the Minister of Energy and Natural Resources Armen Movsisyan said that the new power plant to develop a 1 kW / h of electricity will spend in 2-2,3 times less fuel (natural gas) than other plants of the country.

“Thanks to this, electricity tariffs in 2010 will not be increased, despite rising prices for imported natural gas to Armenia”, – said the head of the Ministry of Energy.

In addition, he said, the new CHP plant will have a “measurable indicators” to protect the environment.

“When you use the same facilities as other plants, its emissions are much lower: nitrogen oxides – nine times less carbon dioxide – two times less carbon monoxide – 38 times less water usage – 3.6 times less “, – said Movsisyan.

The Minister also said that the energy resulting from Yerevan CHP electricity will be mainly supplied to Armenian consumers, and exports will be only the surplus.

After the commissioning of new power on the part of the Yerevan Thermal Power Plant would have 15% of total electricity generation in Armenia.

Construction of power began in July 2008 and was conducted on borrowed funds of 247 million dollars provided by Japan Bank for International Cooperation (JBIC). Credit is issued at a rate of 0.75% with a maturity of 30 years and a grace period for payment in the first ten years.
Construction of power carried out the Japanese company «Mitsui» and South Korea «GS Engineering & Construction».

The Board of Public Utilities issued Yerevan TPP license to operate the new unit. Created by the decision of the Armenian government inter-ministerial commission has given an opinion on that unit is ready to launch.