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Geothermal Power Station in Karkar
Project Cost:
$ 100,000,000
Internal rate of return (IRR) 10%
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PROJECT DESCRIPTION
Investment Plan (1)
Disclaimer
This area is the center of the youngest volcanic activity in Armenia. In this area, carried out detailed geological mapping and a variety of geophysical surveys, including magnetotelluric, seismic, magnetic and gravity surveys. As a result of project’s implementation at Karkar geothermal site power plant of 28 MW capacity will be constructed.
The selection of the Karkar site for exploratory drilling is based on the field investigation works that were completed for two prospective sites deemed the most promising by the local and international geothermal experts – Jermaghbyur and Karkar. The investigation works of those prospective sites were supported under the Armenia Geothermal Project, financed by the Global Environmental Facility (GEF) and completed in 2012.
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