Masrik-1 solar power plant
Sector: Solar • Location: Armenia
Source: World Bank Group
The project entails the construction of the 55MW Masrik-1 Solar power plant in the municipality of Masrik, Armenia. The SPV is called FRV Masrik CJSC and is owned by FRV La Providencia which owns 75% alongside FSL Solar which has a 25% stake. FRV was selected to build the project following an auction process in April 2018. The winning bid was for Dram20.11 ($0.042) per kWh. The total project cost
- Status
- Prospective
- Sector
- Solar, Power Generation (CCGT), Government, Commercial
- Location
- Armenia
- Updated
- 22 Jul 2026
- Source
- World Bank Group
ConstructChat
Ask ConstructChat about Masrik-1 solar power plant
Pick a question to edit it, or write your own.
First answer free · no account
Project Information FAQ
Project Information
Participants
Sponsoring Agency | |
Company |
Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | The project entails the construction of the 55MW Masrik-1 Solar power plant in the municipality of Masrik, Armenia. The SPV is called FRV Masrik CJSC and is owned by FRV La Providencia which owns 75% alongside FSL Solar which has a 25% stake. FRV was selected to build the project following an auction process in April 2018. The winning bid was for Dram20.11 ($0.042) per kWh. The total project cost is $53.01 million and EBRD ($17.7 million), IFC ($17.7 million) and Ameriabank ($3.71) are providing the long-term debt financing. The project reached financial close on March 11, 2021. https://disclosures.ifc.org/#/projectDetail/SII/41106 https://www.ebrd.com/work-with-us/projects/psd/masrik1-solar-power-plant.html https://ijglobal.com/data/transaction/38183 https://renewablesnow.com/news/frv-reaches-fin-close-on-55-mw-armenian-solar-project-735875/, https://ijglobal.com/data/transaction/38183/masrik-1-solar-plant-55mw-ipp |
Original sector | Energy |
Budget |
Location
Country | Armenia |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Solar, Power Generation (CCGT), Government, Commercial |
Article published date | 2024-09-19 |
Research
Free account
View all details
You are reading the public part. A free account opens the rest:
- Every detail on this project
- News and media coverage
- Technical research
Free account · no card · lands you back on this project