The main part of the repair operations at Yerevan-1 Hydroelectric Power Plant is planned to be completed by the end of 2016.

General Director of International Energy Corporation CJSC Arsen Grigoryan, who is also the head of the Sevan-Hrazdan Cascade HPP, told the aforementioned to Armenian News – NEWS.am.

“Before the repair at the plant, two 22.5 MW aggregates were installed there, one of which was broken. Now we will install two new European aggregates, the most modern ones, 24 MW each,” Grigoryan said.

Yerevan 1 HPP provides services to the center of the city, as well as metro. The repair operations became one of the key ones in the $66 mln USD investment program of Sevan-Hrazdan Cascade HPP, $50 mln of being the loans of the European Bank for Development and Reconstruction (EBRD) and Asian Bank of Development (ADB) ($25 UDS each).

The parent MEK CJSC company and Russian RusHydro OJSC became the guarantors of loan programs.

“We want to install both aggregates by the end of the year. The work with the interior decoration may remain but as they say, the lamp will be on. And we will finish the rest of the work later, we won’t linger,” Grigoryan said.

The company has already built a new substation for the restored HPP, which already functions now. It has also renovated and cleared the reservoir.  

Sevan-Hrazdan Cascade consists of seven HPPs with an overall capacity of 565 MW. The HPPs were built in 1930-65. In 2015, the cascade produced nearly 7 percent of the power consumed in Armenia.