The future happens here PHOTOVOLTAIC PLANT Masrik Gegharkunik / Armenia Summary Located close to the Lake Sevan, the 62 MW dc project will be the biggest PV power plant in Armenia. DOWNLOAD ADVANCED INFORMATION ENVIRONMENTAL AND SOCIAL MANAGEMENT PLAN ENVIRONMENTAL AND SOCIAL IMPACT ASSESSMENT REPORT Built with double-faced solar panels, the project will be contributing to the country’s sustainable economic growth, generation of wealth and local employment. This is the first competitively-tendered solar-photovoltaic project in Armenia and it will be the first utility-scale solar power plant in Armenia, which is also the first for the Caucasus. IFC, a member of the World Bank Group, the European Bank for Reconstruction and Development (EBRD), and the European Union (EU) have signed on to support the development of the plant, and the electricity produced will be sold via a power purchase agreement with the utility Electricity Networks of Armenia. The Masrik project comes after 15 years of collaboration between the World Bank Group and Armenia that has helped implement sweeping reforms to deliver more efficient power supply to consumers. Masrik Solar Farm is currently under development having reached financial close in July 2020. The construction is programmed to take place in 2021-2022 with first operations expected by the end of 2022. Overview 62 MW DC PEAK POWER GEGHARKUNIK / ARMENIA LOCATION 150 000 MWH/YEAR ANNUAL PRODUCTION 100 HECTARES SURFACE 54 000 T/YEAR CO2 AVOIDED 21 400 HOUSEHOLDS SUPPLIED 2020 OPERATION DATE IN CONSTRUCTION PROJECT STATUS Community value The construction process will follow a combination of best practices aimed at minimizing the impact of plant construction on the environment, waste, water and people* including a robust EHS structure and the implementation of the Environmental and Social (E&S) Management System (ESMS), developed specifically for the project in accordance with international financial institutions’ E&S Performance Standards. One of our major notable action plans is the implementation of a Livelihood Restoration Plan for improving the living conditions of local communities. On behalf of the Masrik Solar Power Farm, FRV has provided support to the Mets Masrik Community by supplying food to families impacted by the Covid-19 crisis. The donation included 60 food supply packages delivered to the community during July, 2020. Mets Masrik Community support 1 / 3 ‹ › Stay updated INSIGHTSPRESS RELEASES Jul. 2, 2018 FRV awarded 55 MW in Armenia to develop its first solar project in the country INSIGHTSSOLAR ENERGY Jul. 15, 2020 IFC, EBRD, and EU Partner with Fotowatio Renewable Ventures to Support First Solar Plant in Armenia PHOTOVOLTAIC PLANT Winton Victoria / Australia VISIT NEXT × READ OUR LATEST UPDATE ON COVID-19 FRV Spain- HQ María de Molina, 40, 5th Floor 28006 Madrid – Spain FRV Mexico Av. Ejército Nacional, 418 – 10th Floor 11560 Polanco Chapultepec, Miguel Hidalgo, Mexico DF FRV Italy Via Vincenzo Bellini, 22 00198 Rome, Italy FRV Australia Level 22, 6 O’Connell Street NSW 2000 Sydney, Australia FRV Chile Alonso de Monroy 2677 of.202 A Vitacura- Santiago, Chile Services Expertise O&M Asset Management FRV-X Commitment ESG FRV ‘Young Talented Leaders’ Scholarship About us Contact us Insights Professionals Professionals Working at FRV Careers Projects Terms of Use Copyright Notice and Disclaimer Privacy Policy Cookie Policy © 2015-2020 Fotowatio Renewable Ventures S.L.U. All rights reserved. Permission to use this site is granted strictly subject to the Terms of Use . The FRV name and logotype and the Abdul Latif Jameel name and logotype and pentagon-shaped graphics are trademarks or registered trademarks of Abdul Latif Jameel IPR Company Limited. We use cookies to improve your experience on our site. To find out more, read our updated privacy policy. OK