The project is a 250MW gas fired combined cycle power plant (CCPP). The power plant, utilizing natural gas as fuel, is located on land acquired from the Yerevan Thermal Power Plant CJSC (YTPP), owned by the Ministry of Energy Infrastructure and Natural Resources. The project site is located 10 km from Yerevan, adjacent to the existing power plant operated by YTPP.
| Project Name | Yerevan Gas-Fired Combined-Cycle Power Project | |||||
| Project Number | 51090-001 | |||||
| Borrower/Company | ArmPower CJSC |
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| Country | Armenia |
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| Location | Armenia | |||||
| Type or Modality of Assistance |
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| Strategic Agendas | Inclusive economic growth |
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| Drivers of Change | Partnerships Private sector development |
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| Sector / Subsector | Energy / Conventional energy generation |
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| Gender Equity and Mainstreaming | No gender elements | |||||
| Responsible ADB Department | Private Sector Operations Department | |||||
| Responsible ADB Division | Portfolio Management Division, PSOD | |||||
| Responsible ADB Officer | Mokroussov, Sergey | |||||
| Project Sponsor(s) | Renco Power Siemens Project Ventures |
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| Description | The project is a 250MW gas fired combined cycle power plant (CCPP). The power plant, utilizing natural gas as fuel, is located on land acquired from the Yerevan Thermal Power Plant CJSC (YTPP), owned by the Ministry of Energy Infrastructure and Natural Resources. The project site is located 10 km from Yerevan, adjacent to the existing power plant operated by YTPP. | |||||
| Objectives and Scope | The project is expected to generate significant development impact for Armenia: easing a key energy infrastructure constraint; generating employment during construction and operation and creating conditions for greater private sector participation. The project also contributes to increasing the supply of clean energy to Armenia. | |||||
| Status of Operation/Construction | Under construction | |||||
| Linkage to Country/Regional Strategy | The project is consistent with the Midterm Review on Strategy 2020, which includes a focus on private sector development and operations, and infrastructure development. ADBs support for the project is also in line with its country partnership strategy for Armenia, 2014-2018 that supports energy security by diversifying energy sources and promoting private investment in the energy sector. |
| Safeguard Categories | |
|---|---|
| Environment | A |
| Involuntary Resettlement | C |
| Indigenous Peoples | C |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | The environmental and social impact assessment identifies the potential environmental and social impacts and risks of the project, and assesses the cumulative air quality impacts in the airshed. The project will minimize its contribution to background air quality through the use of gas turbines incorporating dry low nitrogen oxide burners. The project utilizes a closed-loop water-cooling system, which means that water extraction and thermal discharge impacts are minimized. Adequate mitigation measures will be incorporated in the environmental management plan of the environmental impact assessment, which the borrower is committed to fully implement, with submission of semiannual progress reports to comply with ADB requirements. |
| Involuntary Resettlement | No involuntary resettlement impacts are expected. |
| Indigenous Peoples | No indigenous communities live within the project area, and therefore no impacts on indigenous peoples are expected. |
| Stakeholder Communication, Participation, and Consultation | |
| Timetable for assistance design, processing and implementation | |
|---|---|
| Concept Clearance | 14 Mar 2017 |
| Credit Committee Meeting | 12 Mar 2018 |
| Approval | 16 Apr 2018 |
| Last PDS Update | 28 Sep 2020 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
| Title | Document Type | Document Date |
|---|---|---|
| Yerevan Gas-Fired Combined-Cycle Power Project: Initial Poverty and Social Analysis | Initial Poverty and Social Analysis | Apr 2018 |
| Yerevan Gas-Fired Combined-Cycle Power Project: Report and Recommendation of the President | Reports and Recommendations of the President | Mar 2018 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
| Title | Document Type | Document Date |
|---|---|---|
| ArmPower CJSC: Final Environmental and Social Impact Assessment | Environmental Impact Assessments | Mar 2018 |
| ArmPower CJSC: Draft Environmental and Social Impact Assessment | Environment and Social Impact Assessments | Aug 2017 |
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
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ADB, ArmPower Sign Loan to Expand Private Sector-Developed Power Generation in Armenia
ADB today signed a $44 million loan with ArmPower CJSC, a special purpose company owned by Renco Power and Siemens Project Ventures to help expand and diversify power generation sources developed by the private sector in Armenia.