YEREVAN. – The Sisian area of Armenia has a rich potential for producing electricity. 

Along the lines of a USAID program, a solar heater was recently installed for the polyclinic of Darpas village in the area. 

In terms winds, according to the Energy and Natural Resources Ministry, the wind energy capacity at Sisian Pass is estimated at 140 megawatts.

Also, there is an underwater hot water mine at Jermaghbyur, and Armenia’s first geothermal power station and a greenhouse network were planned to be built here.

According to the plan that was designed with assistance by the World Bank, three-kilometer deep six wells were to be dug at Jermaghbyur. At the time, the respective investments were valued at $39.1 million.

When this program was considered full of prospect, in 2006 the Armenian government had decided to hand it over to Corporacion America Company that belongs to Argentinean-Armenian businessman Eduardo Eurnekian. But there is no progress in this project.