Yerevan Combined Cycle Gas Power Plant
CUSTOMER | komipo |
---|---|
OWNER | komipo |
PLANT | POWER PLANT |
TERM | |
NATION | KOREA |
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Project description
Renco S.p.A. of Italy has applied for MIGA guarantees of up to $40 million for its equity and shareholder loan investments in ArmPower Close Joint Stock Company for the Yerevan Combine Cycle Gas Power Plant in the Republic of Armenia. The guarantees are available for up to 15 years, and will provide coverage against the risks of currency inconvertibility and transfer restriction, expropriation, war and civil disturbance and breach of contract.
The project consists of the design, development, financing, construction, ownership, operation, and maintenance of a greenfield 250MW gas-fired combined-cycle power plant over 20 years. This will be the first greenfield independent power plant project in Armenia. The project is located approximately 10 km south of Yerevan, and is adjacent to the existing Yerevan Thermal Power Plant.
Renco S.p.A will carry out a fixed-price turnkey EPC contract as the EPC contractor. Siemens AG is expected to be the subcontractor responsible for the engineering and supply of the extended power island, which will include the gas turbine, steam turbine, heat recovery steam generator, boiler, and other major equipment and essential control systems.
Renco S.p.A. of Italy has applied for MIGA guarantees of up to $40 million for its equity and shareholder loan investments in ArmPower Close Joint Stock Company for the Yerevan Combine Cycle Gas Power Plant in the Republic of Armenia. The guarantees are available for up to 15 years, and will provide coverage against the risks of currency inconvertibility and transfer restriction, expropriation, war and civil disturbance and breach of contract.
The project consists of the design, development, financing, construction, ownership, operation, and maintenance of a greenfield 250MW gas-fired combined-cycle power plant over 20 years. This will be the first greenfield independent power plant project in Armenia. The project is located approximately 10 km south of Yerevan, and is adjacent to the existing Yerevan Thermal Power Plant.
Renco S.p.A will carry out a fixed-price turnkey EPC contract as the EPC contractor. Siemens AG is expected to be the subcontractor responsible for the engineering and supply of the extended power island, which will include the gas turbine, steam turbine, heat recovery steam generator, boiler, and other major equipment and essential control systems.