Razdan thermal power plant upgrade

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This project entails the construction of a new power generation unit at the Razdan thermal power plant in Armenia with capacity of 50 MW, which is is expected to generate approximately 400 million kWh of electricity per year. The generated electricity by the new unit is planned to be supplied to Armenia’s free competitive power market and exported to other countries. The construction of the new unit is expected to be over in July or August 2024, after which it will be connected to the power grid. The new unit is planned to be put into operation in September or October in 2024. A financing of $26 million is provided by the Eurasian Development Bank (EDB) in July, 2023. The project sponsor is H Energy Solutions (Tashir Group). https://arka.am/en/news/technology/unique_power_unit_for_armenia_to_be_built_on_the_basis_of_hrazdan_thermal_power_plant_/ https://eabr.org/en/press/news/the-edb-provides-us-26-million-for-the-construction-of-a-new-power-generation-unit-at-the-razdan-tpp-in-Armenia/