Yerevan gas-fired combined-cycle cogeneration power plant
Sector: Commercial • Location: Armenia
Source: World Bank Group
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
- Status
- Prospective
- Sector
- Commercial, Power Generation (CCGT), Natural Gas, Government
- Location
- Armenia
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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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 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/ |
Original sector | Energy |
Procurement method | |
Budget |
Location
Country | Armenia |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Commercial, Power Generation (CCGT), Natural Gas, Government |
Article published date | 2024-06-04 |
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