According to the ADB, the Government of Armenia requested support from the Asian Development Bank in exploring opportunities to develop Armenia's wind energy potential. ADB responded to the request by preparing the first of two planned phases of technical assistance. The knowledge and support TA concept paper for phase 1 was approved on 26 January 2022 supporting the government's selection of sites for investment in electricity generation from wind and build knowledge of the technical and financial feasibility work.
The phase 1 TA will assist the Ministry of Territorial Administration and Infrastructure to comply with the new public investment management framework requirements of Armenia. In that sense, it will help inform subsequent decisions in phase 2 on structuring prospective investments and selecting the best procurement options. Phase 1 TA will also help lay the groundwork for a possible public-private partnership option if the requirements for it under Armenia's new PIM framework and other fiscal management rules under the new PPP legal and regulatory framework are met when public procurement options are appraised.
The phase 2 TA (through a new, second TA project) is planned to support the preparation of a sustainable PPP transaction, in full compliance with national PPP legislation and its competitive bidding principles, when the confirmation of the viability of a commercially oriented wind energy investment under phase 1 TA and all the necessary PIM and PPP framework criteria (including clear value-for-money tests) are received.
ADB Team Leaders:
Areg Arcady Barseghyan - Energy Division, CWRD
Narine Avetisyan, Senior Investment Officer, CWRD
No contacts available at the time of disclosure.
Executing Agency - Ministry of Territorial Administration and Infrastructure:
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