Armenia has probably got the most favorable energy legislation in the world and is ready to settle all issues that can complicate the creation of a Masrik-1 solar photovoltaic plant with a capacity of 55 MW, said RA Deputy Minister of Energy and Natural Resources Hayk Harutyunyan at the pre-competitive conference of the Masrik-1 solar photovoltaic project to be built in Gegharkunik province.

The purpose of the event is to provide a comprehensive answer to all the issues that have passed the pre-qualification stage. "This competition is unique because it will win the company that will offer the minimum electricity tariff. The competition was announced in April of the last year, from the beginning the pre-qualification round was held, more than 60 organizations took part, the pre-qualification round passed 10 best companies, all of them are here. We have companies from Korea, China, India, the EU, USA, "said Hayk Harutyunyan. There is no Armenian company among the participants of the competition, as the pre-qualification conditions were very severe in relation to the experience of similar programs, the company's financial status. "It was very important for us that the winner could build the station. There are many competitions in the world when small and inexperienced companies come in as a result of wrong pre-qualification, give low prices, which they don't implement the project, don't build the station, the state spends a few years in vain, "the Deputy Minister explained. According to Hayk Harutyunyan, a package of 400 pages has been prepared for the competition, within which three major new documents have been developed. One of them is a government-sponsored contract, the second one is the energy purchase contract, and the third - the terms of the license purchase. According to Hayk Harutyunyan, those documents can also be used during the construction of future stations.

The company, which will offer the lowest price, will win and start construction work. And if the program fails, large penalties will be imposed. As a result of the project, a 55-megawatt power plant will be created, which annually produces about 80-90 million kilowatt hours of electricity, which is 1.5% of Armenia's total output. "With this station we will make a serious contribution to the development of renewable energy, our ultimate goal is to have a competitive rate that has a positive effect on the industry," the Deputy Minister added. In 2017 Armenia's energy production grew by 6%, export growth was 17%, consumption growth was 4%. Currently there are 185 solar stations in the country, 36 are currently being built.

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