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Jermaghbyur Geothermal Power Plant Construction
Project Cost:
$ 44,000,000
Internal rate of return (IRR) 8%
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PROJECT DESCRIPTION
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Disclaimer
Investigations have been conducted to reveal the precise sites of geothermal energy sources for construction of geothermal power plant. One of these sites is Jermaghbyur, where according to geological and geophysical explorations high pressure (20-25 atmosphere pressure) hot water /up to 250°C / resources are considered to be available in depth of 2500-3000 meter. In case of confirmation of this data, it will be possible to construct the first geothermal power plant in Armenia with 25MW capacity in this area. During the recent years one of the most actual and important problems in Armenia is investigation and exploration of the geothermal sources – as renewable energy resource with capacity to “firm capacity” for base-load coverage. Utilization of renewable energy resources reduces dependence on imported fuels and will increase energy security level. It will also increase the own Renewable energy production in the whole energy production, as well as will reduce an amount of the greenhouse gas emissions.
Access to the information and documents contained in this website is provided as a public information by the Ministry of Economic Development and Investments of the Republic of Armenia. Statistics, data, and financial indicators are prepared and presented by owners of investment projects. The information presented does not make liable or necessarily reflect the views of the Ministry of Economic Development and Investments of the Republic of Armenia. The Ministry of Economic Development and Investments of the Republic of Armenia makes no warranties, either express or implied, concerning the investment projects profitability, implementation time framework, initial calculations or suitability of investment projects.

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