Aries Ingeniería y Sistemas signs contract with the Armenian Renewable Resources Authority for Photovoltaic Power Plant Project

Aries Ingeniería y Sistemas has been chosen by the Armenia Renewable Resources and Energy Efficiency Fund (R2E2 Fund), public authority for renewable resources, as consultant for the preparation of the Utility-Scale Solar Project funded by the International Bank for Reconstruction and Development (IBRD) for the promotion and growth of solar power in the Republic of Armenia.

The objective of this project is to assess the feasibility and technical viability of the construction of up to 6 solar PV power plants with a total capacity of 40-50MWp in locations with high solar irradiation potential as a Public Private Partnership between ARIES, R2E2 Fund, IBRD.

The Republic of Armenia has received a Grant from the Climate Investment Fund’s Scaling-up Renewable Energy Program in Low Income Countries (SREP) administered by the IBRD toward the cost of this project for the support and development of solar power in Armenia. Aries will be in charge of a Feasibility Study and Transaction Advisory Services for the preparation of the project; and to prepare the required bidding documents for selection of the project sponsors; conduct market sounding; support with evaluation of bids; negotiations and financial close.


Source: Aries Ingeniería y Sistemas