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Establishment of Vegetable Greenhouse (SPAYKA LLC)
Project Cost:
$ 100,000,000
Internal rate of return (IRR) 24%
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PROJECT DESCRIPTION
Investment Plan (1)
Disclaimer
Within the project an up‐to‐date greenhouse complex will be established in Hrazdan region with total area of around 100 ha. It will be equipped with modern technology to ensure high yields, minimum cost and maximum quality using natural advantages of local climate and labor.It is planned to grow tomato and pepper in this greenhouse. The projected production season will be from October to July and the projected annual production capacities will be 5,000 tons of pepper and 44,000 tons of tomato. The new semi closed greenhouse technology adding new value in competive climate advantages of the region which will allow decreasing production costs by 15‐35% and ensuring
comparable quality. Current sales contracts with retail chains in Russia allow covering about 5% of the tomato and 3% of the pepper demand of the Russian market with this project.Greenhouse complex will be constructed during 2017‐2018 and come in full operation in November 2018.
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