Reported from Armenia, the head of the Armenian Renewable Resources and Energy Efficiency Fund, Tamara Babayan, said … “the locations for future geothermal power plants in Armenia will be determined by the end of 2011.
Speaking at a news conference she said after two-stage studies two major geothermal areas – Kyarkyar in Syunik region and Gridzor in Gegharkunik region- have been chosen to build plants. According to her, the research conducted jointly with an Italian company. Ms. Babayan said also that a total $1.5 million have been earmarked for research work and most of the money has not yet been used.
The World Bank released a $1.5 million grant to finance a program for development of geothermal energy in the country. Another $300 thousand or 17% of total expenditure has been allocated by the Armenian government.”
Source: ARKA News Agency
