A pre-bid Conference for the 55 MW Masrik-1 solar photovoltaic project in Armenia organized by the R2E2 Fund was held in Yerevan on 31 January, 2018.
Welcoming speeches at the opening ceremony of the Conference were made by the RA Vice Prime Minister, Minister of International Economic Integration and Reforms Mr. Vache Gabrielyan, World Bank Country Manager for Armenia Ms. Sylvie Bossoutrot, Deputy Minister of Energy and Natural Resources Mr. Hayk Harutyunyan, Director of Armenia Renewable Resources and Energy Efficiency Fund Mr. Armen Melkikyan.
The representatives of pre-qualified companies, transaction advisory organizations, Public Services Regulatory Commission, Ministry of Energy Infrastructures and Natural Resources, Electric Networks of Armenia, other companies representing energy sector of Armenia, international financial organizations, Armenian banks were invited to the Conference.
At the conference, the speakers presented project preparation works, main procedures and schedule of the tender, key provisions of the agreements to be signed between the parties, mechanisms for mitigating possible social impacts of the project. Representatives of the pre-qualified organizations were given the opportunity to ask the participants of the conference questions and get clarifications.
Let’s remind, that “Masrik-1” project envisages construction of 46-55 MW installed capacity solar PV plant in Mets Masrik community of Gegharkunik province of the Republic of Armenia. The tender has been announced for the design, financing, construction, ownership and operation of the station, the results of which will be summarized in spring, 2018. The winner will be a company or consortium that will offer the lowest price.
Read MoreOn November 30 Armenia Renewable Resources and Energy Efficiency Fund director Mr. Armen Melkikyan and General manager of Converse Bank Mr. Artur Hakobyan have signed an agreement of cooperation for the implementation of energy efficiency projects of community importance and energy efficiency improvement projects in non-gaificated communities of Armenia within the project framework. The objective of the project is to increase energy efficiency level in communities of Armenia and make investments in clean energy sector through financial institutions.
These projects will help to reduce non-efficient energy consumption and increase the use of clean, efficient, safe and affordable energy technologies.
Read MoreArmenia Renewable Resources and Energy Efficiency Fund and Converse Bank have signed an agreement of cooperation for the implementation of energy efficiency projects of community importance and energy efficiency performance improvement projects in non-gas connected communities of Armenia within the project framework.
The objective of the project is to increase energy efficiency performance level in the communities of Armenia and make investments in clean energy sector through financial institutions.
The R2E2 Fund experts, representatives of interested parties from Renewable Energy sector Companies and Converse Bank representatives took part at the meeting.
The participants of the meeting were informed about the project participation opportunities and reached an agreement on further cooperation.
Read MoreThe International Specialized 
Exhibition EXPO-2017 in Astana started its work on June 10, 2017 and will end on September 10, 2017. The main theme of EXPO-2017 is “Energy of the Future”. Armenia Renewable Resources and Energy Efficiency Fund (R2E2) has been appointed to be the national operator of “Astana EXPO 2017″ exhibition by the decision of the Prime Minister of the Republic of Armenia. To ensure effective participation of the Republic of Armenia in exhibition, R2E2 Fund was supported by Armenia Development Fund, the construction of the pavilion was completed by “ExpoMedia” LLC. Embassy of the Republic of Armenia to Kazakhstan assisted greatly to R2E2 Fund. The pavilion of the RA at “Astana EXPO 2017″ exhibition is focused on energy, culture and tourism. The recent achievements in energy system will be presented in the Armenian pavilion of “Astana EXPO 2017" such as construction of solar power plants, utility-scale geothermal 
exploratory drilling project, power sector legislative reforms, the latest developments in science and technology solutions in “clean energy” sector, as well as private companies involved in the field of energy production. Series of films dedicated to tourism in Armenia will also be introduced during the exhibition, the visitors of the pavilion can see real pictures of Armenia’s tourist attractions by VR (Virtual Reality) glasses.It is expected that representatives from 115 countries will participate in EXPO-2017, and more than 5 million people will visit the exhibition.