Why should Armenia invest in a power transmission network?

“To ensure affordable, reliable, and clean electricity supply for consumers, Armenia needs continued investments in modernizing the power transmission network and improving the commercial viability of the High-voltage Electric Networks of Armenia JSC, the transmission company.

What percentage of Armenia's Energy is renewable?

Renewable energy resources, including hydro, represented 7.1% of Armenia’s energy mix in 2020. Almost one-third of the country’s electricity generation (30% in 2021) came from renewable sources. Forming the foundation of Armenia’s renewable energy system as of 6 January 2022 were 189 small, private HPPs (under 30 MW), mostly constructed since 2007.

How many HPPs are there in Armenia?

Forming the foundation of Armenia’s renewable energy system as of 6 January 2022 were 189 small, private HPPs (under 30 MW), mostly constructed since 2007. Installed capacity is approximately 389 MW for annual generation of 943 GWh, covering 14% of domestic supply.

What percentage of Armenia's energy comes from natural gas?

In 2021, 62 percent of Armenia’s total energy supply came from natural gas, followed by oil (16 percent), nuclear (14 percent), and hydro (5 percent), whereas the share of nontraditional renewable energy sources (wind and solar) was only about 1 percent.

Can bioethanol production be exploited in Armenia?

Annual biogas potential of around 135 mcm is just beginning to be exploited, and the Renewable Energy and Energy Efficiency Fund recently produced an Assessment of Bioethanol Production, Potential Utilization and Perspectives in Armenia exploring possibilities for bioethanol production and presenting the concept to investors.

Why does Armenia need private investment?

Armenia’s power sector is heavily dependent on imported fuels, especially natural gas, which creates significant energy security risks, compounded by the global energy crisis. Attracting private investment is essential to fund the large-scale projects needed in the sector.