TEMPTING SPHERE
Support A1+!The further reconstruction and development of the Armenian small hydroelectric power stations requires long-term credits and great investments.
It can not be implemented with the sum allotted by the state budget as it is too little.
Today, the Committee Regulating Public Services (CRPS) and “Energy Economy Fund” convened a joint seminar to present the current state of hydropower plants to the banks, investors and owners of small hydroelectric power stations.
Robert Nazaryan, head of CRPS, assures that investments in the above-mentioned sphere seem to be “attractive, promising and not risky.”
There were 11 small hydroelectric power stations in Armenia in 1997, most of them were tumbledown and didn’t work. In 2004 their number was increased to 29. At present there are already 46 small hydropower stations in Armenia. Mr. Nazaryan assumes that they will outnumber 51 by 2010.
