Armenia to Increase Share of Renewable Energy says Sarkisian

President Sarkisian speaking during Solar Energy Investment Conference in Yerevan on Jan. 25, 2017 (Photo: president.am)

YEREVAN (Arka)””Armenian President Serzh Sarkisian attended on January 25 the opening ceremony of the Energy Week 2017, conducted as part of the Solar Energy Investment Conference, organized by Armenia’s Renewable Resources and Energy Efficiency Fund and the Expomedia Center of Exhibition Projects, the presidential press office announced.

The conference’s aim is to present recent developments in Armenia’s energy efficiency and renewable resources, existing problems, investment opportunities, possible funding sources, technological and design solutions, and prospective projects. The event was attended by over thirty companies from various countries interested in the possibilities for the construction of solar energy stations in Armenia.

Energy Week 2017 will run from January 25-27, including a three-day exhibition presenting the local manufacturers and companies specializing in this area. According to the organizers of the exhibition, the event will allow the participants to familiarize with the heat insulation materials, energy efficient systems of illumination and heating, samples of solar technology and services offered in this area.

Sarkisian’s welcoming remarks from the opening ceremony can be read below.

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Distinguished Colleagues,

Ladies and Gentlemen,

I cordially salute the participants of the Solar Energy Investment Conference which is being held in the framework of the Energy Week-2017 event.

As one of the most important areas of the Armenian economy, the energy area in recent year has registered substantial achievements. The works conducted in this area are aimed at raising the level of the energy security of Armenia, providing dependable and uninterrupted services.

With the assistance of the international financial institutions, the high-voltage substations of structural importance have been almost totally renovated. Constant and persistent activities aimed at the creation of new capacities, construction of new power lines, and introduction of new technologies are being carried out in this area. In the regional context, we are efficiently cooperating with our neighbors ”“ the Islamic Republic of Iran and Georgia. Armenia-Iran and Armenia-Georgia power lines will be put into operation in 2019 which will allow to elevate the energy system of Armenia to a qualitatively new level. The implementation of the mentioned above programs will allow to carry out the transit of energy power, seasonal sub-flows and swaps, as well as other commercial deals.

As a member of the Eurasian Economic Union, Armenia can become a unique bridge between the Islamic Republic of Iran and the Eurasian Economic Union. This factor creates excellent opportunities for the implementation of various investment projects by the state as well as private sectors.

In the long-run, the economies based on “green”