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The new power plant in Yerevan gives light to Armenia

At the presence of the Prime Minister of the Republic of Armenia Nikol Pashinyan, the new gas-fuelled power plant built by Renco and Siemens in 28 months of work was inaugurated in Yerevan. The ribbon-cutting ceremony was attended by Infrastructure Minister Mr. Gnel Sanosyanil, Renco Chairman and CEO, respectively Mr. Giovanni Gasparini  and Mr. Giovanni Rubini, and  Simest CEO Mr. Mauro Alfonso.
These days the new power plant, which has been in operation since the beginning of October, will come on stream at full capacity, supplying 20% of the country’s electricity. For almost three years, a peak of 1,500 people, both directly and indirectly connected to the Company, have been working on the site. Started up at the beginning of October, the power plant was developed by Renco in cooperation with the government of the Armenian Republic.
The investment for the plant was 258 million dollars with the participation of multiple investors, including the World Bank. <The power plant,- Mr Giovanni Gasparini says,  – thanks to the latest generation of machines and the combined cycle will help increase the efficiency and stability of the country’s electricity production, with reduced gas consumption and lower greenhouse gas emissions into the atmosphere.  This new plant will enable the country to reduce the cost of energy in favour of the population and businesses, and to implement the energy transition process towards renewable sources.>
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