Armenia has shown progress in the World Energy Statistics 2018, ranking as the 43rd country on the annual index complied by the World Energy Council.Against the 2017 dynamics, the country has climbed 9 places this year.
The Energy Trilemma Index tool, produced in partnership with Oliver Wyman, ranks countries on their ability to provide sustainable energy through 3 dimensions: Energy security, Energy equity (accessibility and affordability) and Environmental sustainability.
This year’s ranking covers 125 countries.Citing the report, the Ministry of Energy Infrastructures and Natural Resources highlights the strengthening cooperation with neighboring states, particularly Iran and Georgia.“A 400kV line with Iran is under construction, and there is continuing research into the development of a 400 kV line and the HVDC of 400/500 kV with Georgia,” reads the document.
The rapidly developing solar energy industries are mentioned as another major achievement.“Four photovoltaic power plants with a total installed capacity of 4 MW have been put into operation. A contract has been signed and the construction has started of a 50 MW photovoltaic power plant.“In the coming years, Armenia will continue to develop the potential of renewable sources of energy, in particular solar energy. Armenia plans to modernize its existing nuclear facilities and build a new generation nuclear power unit.
“In addition, Armenia is participating in the creation of a General Electricity Market of the Member States of the Eurasian Economic Union,” say the authors of the report.