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Yerevan gas-fired combined-cycle cogeneration power plant

Sector: Natural Gas • Location: Armenia

Source: World Bank Group

Project
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The project entails the construction of a 254 MW gas-fired combined-cycle cogeneration power plant in Yerevan, Armenia. SPV is ArmPower CJSC, a JV between the sponsors of the project RENCO Power Cjsc (60%) and Siemens Project Venture(40%). Both sponsors contribute for the projects with a total equity of $ 90 million. IFC and MIGA, members of the World Bank Group, are arranging a total of $202 mill

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Project Information

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The project “Yerevan gas-fired combined-cycle cogeneration power plant” is an infrastructure initiative in the Natural Gas sector, located in Armenia. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the construction of a 254 MW gas-fired combined-cycle cogeneration power plant in Yerevan, Armenia. SPV is ArmPower CJSC, a JV between the sponsors of the project RENCO Power Cjsc (60%) and Siemens Project Venture(40%). Both sponsors contribute for the projects with a total equity of $ 90 million. IFC and MIGA, members of the World Bank Group, are arranging a total of $202 million debt finance and guarantee package. ADB contributes with another loan of $ 68.4 million. Contract period is 25 years and type of concession is design, construction and operation. Financial close took place on March 4, 2019. https://www.adb.org/news/adb-armpower-sign-loan-expand-private-sector-developed-power-generation-armenia https://www.miga.org/project/yerevan-combined-cycle-gas-power-plant https://www.renco.it/news/energy-renco-will-build-a-power-plant-in-yerevan-armenia/

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