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YEREVAN. – It is planned to build 300 to 400 MW solar power plants in Armenia by 2024, which will provide for 10% of the country's demand. Deputy Minister of Territorial Administration and Infrastructure Hakob Vardanyan said this in a conversation with reporters on November 19.

According to him, today the field of renewable energy is becoming more accessible, and the Government of Armenia is pursuing a corresponding policy.

He added that the Public Services Regulatory Committee has issued a license to build solar power plants with a capacity of 200 MW in the last year, and plants with a capacity of 105 MW are under construction.

Vardanyan explained that since the 1990s a legislative framework for the construction of small hydropower plants also has been developed in Armenia, and today there are 186 in the country with a capacity of 280 MW. "In addition, another 35 small hydropower plants with 60 MW capacity are under construction," the deputy minister added.

Referring to the Armenian Electricity Network investment program, the official clarified that it is estimated at $700 million for the modernization of 2018-2027 and is not related to renewable energy resources.

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