# 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.

- Type: New facility
- Announced: 2019-03-04
- Where: Yerevan, Armenia
- Value: $200.0M
- Status: announced
- Capacity: 250 MW
- Products: electricity
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [ArmPower](https://endata.com/companies/37778.md)
- [Siemens](https://endata.com/companies/301.md) (partner)
- [Renco](https://endata.com/companies/16839.md) (partner)

## Sources

- [asbarez.com](https://www.asbarez.com/group-secures-funding-for-new-power-plant/), 2019-03-05: "A modern 250-megawatt combined-cycle gas turbine power plant in the south of Yerevan will help increase efficiency for gas-fired electricity generation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.