ArmPower consortium secures funding for 250 MW gas power plant in Yerevan

The ArmPower consortium, including Siemens and Renco, secured over $200 million in funding from the World Bank Group and other lenders to build a 250 MW combined-cycle gas turbine power plant in Yerevan, Armenia. The project was renegotiated after a freeze by the new government.

“A modern 250-megawatt combined-cycle gas turbine power plant in the south of Yerevan will help increase efficiency for gas-fired electricity generation.”asbarez.com

• 1 source
• asbarez.comGroup Secures Funding for New Power Plant - Asbarez.comMar 5, 2019

Summarized from public sources; check the original articles before acting on it.