Director of Armenia Renewable Resources and Energy Efficiency Fund Karen Asatryan and “Washington Capital Global Finance, INC.” company agent Serge Gharibian signed a Memorandum of Understanding. The Memorandum envisages a possibility of construction of geothermal power plant in the Republic of Armenia.
The R2E2 fund will assist in identifying potential geothermal areas and assessing resources for geothermal energy projects.