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Renewable Energy in Armenia

Renewable Energy in Armenia. TAMARA BABAYAN Director of R2E2 Fund. Hydro Resources 250-300MW. Feasible Potential of Renewable Resources in Armenia. Wind resources 300-500MW. Solar resource >1000MW. TAMARA BABAYAN Director of R2E2 Fund. Geothermal resources 25-50 MW.

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Renewable Energy in Armenia

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  1. Renewable Energy in Armenia • TAMARA BABAYAN • Director of R2E2 Fund

  2. Hydro Resources250-300MW Feasible Potential of Renewable Resources in Armenia

  3. Wind resources300-500MW

  4. Solar resource>1000MW • TAMARA BABAYAN • Director of R2E2 Fund

  5. Geothermal resources • 25-50 MW

  6. Technical Potential for Selected RETes

  7. Base Growth Case for the Development of RETs in Armenia 7

  8. Current Situation 8

  9. Policy Incentives • Guaranteed purchase of produced electricity within 15 years after commissioning /production license/ • Fixed tariff • SHPP /natural flow/ -19.551 AMD/kWh - $0.052 • SHPP /irrigation/ - 13.033 AMD/kWh -$0.035 • SHPP /drinking water/ - 8.69 /kWh -$0.023 • Wind – 35.339 AMD/kWh – $0.093 • Biomass – 37.446 AMD/kWh -$0.1 • End user tariff /population/- 30 AMD/kWh (day)-$0.08; 20AMD/kWh night - $0.054 9

  10. Barrier Removal and Facilitation 10

  11. Financing Opportunities • R2E2 Fund – WB $5mln., EBRD $7mln., Local Bank $3mln., co-financing >30%, actual $28 mln. -26 SHPP • R2E2 Revolving – $9.2 mln. • IFC/FMO – 15 SHPPs (about 22 mln. USD) • KFW – 1st tranche – 14 SHPPs – 6 mln. Euro • KFW – 2nd tranche 11 mln. Euro AA SHPPs 11

  12. Forests-10% Gas-0%Oil-0%Coal-0% • Renewable is not only energy security but also National security for my country

  13. Energy Efficiency • Enhance energy security – ~97% of primary energy sources are imported • Ease budget constraints – energy costs are generally highest cost • Improve comfort levels – survey results show average comfort levels in social buildings ~40% • Mitigate impacts of ongoing pricing reforms – gas prices increased ~58% from 2008 to 2010; electricity also increased 20% (daytime), 33% (nighttime) • IFI lending opportunities for industrial energy efficiency 13

  14. OPPORTUNITIES – Energy Efficiency • Enhance energy security – ~97% of primary energy sources are imported • Ease budget constraints – energy costs are generally highest cost • Improve comfort levels – survey results show average comfort levels in social buildings ~40% • Mitigate impacts of ongoing pricing reforms – gas prices increased ~58% from 2008 to 2010; electricity also increased 20% (daytime), 33% (nighttime) • IFI lending opportunities for industrial energy efficiency 14

  15. R2E2 Fund - OUR CURRENT AND NEW ACTIVITIES • On-going activities • Biomass investment plan preparation • Geothermal surveys in potential sites • Innovative financing of energy efficiency • Procurement mechanism for public building EE • Energy balance of Armenia • New activities • Run the SuperESCO mechanism • EE services to demonstrate benefits and reduce risk for private sector (Energy audit, EPC, Monitoring, Trainings Risk Management) • Climate Investment Fund SREP preparation 15

  16. Tamara BabayanDirector Renewable Resources and Energy Efficiency Funddirector@r2e2.amwww.r2e2.am; www.reweek.am RENEWABLE RESOURCES AND ENERGY EFFICIENCY FUND • THANK YOU

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