Today the Government of Armenia approved Masrik-1 utility-scale solar PV project’s procurement procedure and the Government support draft agreement. Following this decision Armenia Renewable Resources and Energy Efficiency Fund soon will announce the start of the main stage of bidding process of the Masrik-1 project. The aim of the project is the construction of 55MW solar PV plant in Mets Masrik community in Gegharkunik region of Armenia. These will be the first solar project with such capacity and will be constructed by a foreign company. Ten prequalified international corporations and consortiums will be competing in the final tender. The bidder offering the lowest tariff will win.