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Masrik Solar

Sector: Power Transmission • Location: Armenia

Source: International Finance Corporation (IFC)

Project
Active

The proposed investment involves a senior loan of up to US$11 million to FRV Masrik CJSC. It will be used to finance the development, construction, operation and maintenance of a 55MWac/62MWp solar photovoltaic (PV) plant located in the municipality of Mets Masrik, Armenia. The PV plant will be connected to the national grid through a 9.2km 110kV high voltage overhead transmission line also financ

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Project Information

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The project “Masrik Solar” is an infrastructure initiative in the Power Transmission sector, located in Armenia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Description

Description

The proposed investment involves a senior loan of up to US$11 million to FRV Masrik CJSC. It will be used to finance the development, construction, operation and maintenance of a 55MWac/62MWp solar photovoltaic (PV) plant located in the municipality of Mets Masrik, Armenia. The PV plant will be connected to the national grid through a 9.2km 110kV high voltage overhead transmission line also financed as part of the Project. The Project is expected to be commissioned in 2021 and will sell electricity based on a 20-year tariff Power Purchase Agreement entered into with the private offtaker, Electric Networks of Armenia.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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