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YEREVAN. – Grange Power Ltd of Great Britain plans to build a steam-gas thermal power station in northern Armenia.

The respective agreement was approved at Thursday’s meeting of the Armenian Cabinet.

The investments in the construction will amount to US$215 million.

The Minister of Energy and Natural Resources, Yervand Zakharyan, stated that this company is interested in implementing a variety of projects in the energy sector of Armenia.

In addition, the Armenian state guarantees the purchasing of electricity from this station, over the course of the twenty years since its construction.

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