By Adonia Agayan YEREVAN, August 6 — At a conference held on August 5 the Armenian government  made a decision on forming a crediting organization with the participation of the Armenian foundation for renewable energy and energy conservation. Armen Movsisyan, the Minister of Energy and Natural Resources, noted that such a decision was made based [...]

YEREVAN (ARKA), May 19–International Finance Corporation, a member of the World Bank Group, is helping Armenian financial institutions develop sustainable energy finance products, thereby increasing renewable energy generation and lowering electricity waste and greenhouse-gas emissions, the IFC press office reported on Monday. As part of IFC’s regional strategy to address climate change and promote energy [...]

YEREVAN (ARKA), February 25—The volume of the renewed electric power produced in Armenia in 2009 has grown in 2.5 times and has made 300 million kWh, said Deputy Minister of Energy and Natural Resources of Armenia Areg Galstyan on Wednesday in Parliament. He said that 30 percent of all the electric power in Armenia should [...]

BY JASON SOHIGIAN Armenia relies on a diverse mix of energy resources, and renewables present a range of challenges, strategic advantages, and market opportunities. In 2009 alone, the World Bank announced an investment of $1.5 million to assess sites with geothermal potential and Armenbrok OJSC announced an initial public offering to raise $9 million to [...]