A recently signed memorandum of cooperation will help move forward development of the 76-MW Shnogh (also called Shnokh) hydro project in Armenia.
The memorandum was signed by Debed Hydro LLC and The Robbins Company. According to the memorandum, Robbins Company will invest in Debed Hydro’s Charter Capital, providing a 22-km-long water tunnel drilling machine, as well as local training for machine operation and technical assistance throughout the tunnel drilling.
The Snhogh project will be located on the Debed River in the Lori region. A tripartite framework agreement on the design, construction, financing, construction, management and ownership of the project was approved by the government in August and signed by the government, Debed Hydro as the developer and the Investors Club of Armenia as a sponsor.
Shnogh is estimated to cost $150 million to $190 million to develop.
The government approved the feasibility of building Shnogh, including the project “in the list of measures to ensure the implementation of the Energy Security Concept of the Republic of Armenia.”
“The construction project of Shnogh HPP is an important step towards Armenia’s energy security in the context of the strategy adopted by the Government of Armenia,” said Ashot Manukyan, Armenian Energy Minister. “The Armenian government highly appreciates the fact that this step is taken by American partners.”
Debed Hydro is a subsidiary of Energy Invest Holding CJSC. The Robbins Company is headquartered in Solon, Ohio, U.S.
In other news regarding hydro in Armenia, HydroWorld announced in July that Poyry would consult on rehabilitation of the 26-MW Dzora small hydroelectric plant.