User:Ani harutyunyan/sandbox

=Future Plans and Investments= Currently hydro resources are most widely used among renewable energy sources. Therefore utilization of this potential is vital for Armenia. The Armenian government proposed building four large and 30 small hydroelectric plants with combined 300MWe capacity. It’s foreseen the construction of Meghri HPP on Araks River (about 130 MW capacity and approximately 800 million kWh annual electricity generation), Shnogh HPP on Debed River (about 75 MW capacity and 300million kWh annual electricity generation) and Loriberd HPP on Dzoraget River (about 66 MW capacity and 200 million kWh annual electricity generation. The cost of the project is at least 500 million USD and is currently proposed for investment.

National Renewable Energy Laboratory of USA elaborated wind potential of Armenia to be about 450 MW. And according to the same source the main perspective places for location are Zod pass,in Bazum Mountain, in Jajur pass, in Gegham Mountains, In Sevan pass and in highlands between Sisian and Goris. The monitoring in Qarahach pass was done by Armenian-Italian private company “Ar Energy”. The company has license to construct “Qarahach 1” wind farm with overall capacity of 20 MW which will be expanded to 140 MW in future. Besides there is a project for construction of wind power plant at Simyonovka pass in Sevan with cumuluative capacity of 34 MW. The project is proposed for investment.

Metsamor nuclear power plant provides more that 40 percent of power in Armenia however it is aging and its safety is questioned. That’s why some countries finance its reconstruction however others insist that it should be shut down. One of the projects according to Armenia's Public Services Regulatory Commission is to collect 5 billion USD which will be spent on modernizing equipments and the reactor section. In July 2014 energy minister of Russia announced that they will provide 4.5 billion USD out of 5 billion USD. . In 2014 the construction of new power plant was approved by Armenian government which will start in 2018.

Armenia has huge solar energy potential. Compared to other countries the average annual energy flow is higher therefore there is a interest in this energy sector. In 2015 July a 58 million USD investment project was launched which was designed to help renewable energy sector. This included solar power stations of 40-50 MW capacity. .

In 2012 1.82 million USD was invested by International Bank of Reconstruction and Development [] in energy saving program. It was planned to upgrade insulation of public buildings and heating systems which include replacing traditional lamps with LEDs, installing solar water heating panels and etc. In 2016 June 30 the project’s grant component has been completed.