A road will be built to the drilling site before the winter
Tamara Babayan, the director of the Renewable Energy and Energy Efficiency Fund, has announced Friday, July 24, the launch of a $58 million worth investment project designed to help advance Armenia’s renewable energy sector, Arka reports.
One of the project’s components is geothermal exploratory drilling in the southern Armenian province of Syunik to explore the geothermal energy potential. Before the winter, a road will be built to the drilling site, Babayan said.
The project is being implemented by the Renewable Energy and Energy Efficiency Fund with the support of the Climate Investment Fund, the Ministry of Energy and Natural Resources, the World Bank and the Asian Development Bank.