Armenia to build new geothermal energt plants

Armenia plans to construct new geothermal power plant, Director of the Fund for Renewble Energy of Armenia Tamara babayan said, reports.

Construction will take place in Jermakhpyur (Syunik Region), Karakar (Syunik Region) and Gridzor (Gegarkunik Region). Armenia has great geothermal potential, allowing it to produce about 30 MW. Geothermal energy is constant, unlike solar power and wind energy.

Armenia needs to drill 1-3 km deep. The Geofund of the World Bank is supporting research. $1.5 million were provided. Power plant construction will be realized using private investments. Foreign companies expressed interest.