Orkan energy Armenia

How does Armenia generate electricity?

Most of the rest of Armenia's electricity is generated by the natural gas-fired thermal power plants in Yerevan (completed in 2010) and Hrazdan. Upon gaining independence, Armenia signed the European Energy Charter in December 1991, the charter is now known as the Energy Charter Treaty which promotes integration of global energy markets.

Who is Orcan energy?

Orcan Energy was founded in 2008 by Dr. Andreas Schuster, Richard Aumann and Dr. Andreas Sichert. Right from the start, the team behind Orcan Energy knew that the micro power plants they developed would have to be robust, flexible and easy to install and service.

What are the main energy sources in Armenia?

Since 1996 three main energy sources for electricity generation in Armenia were natural gas, nuclear power and hydropower. Despite a lack of fossil fuel, Armenia has significant domestic electricity generation resources.

Why is Armenia a partner country of the EU INOGATE energy programme?

Armenia is also a partner country of the EU INOGATE energy programme, which has four key topics: enhancing energy security, convergence of member state energy markets on the basis of EU internal energy market principles, supporting sustainable energy development, and attracting investment for energy projects of common and regional interest.

Does Armenia have a surplus electricity sector?

The Armenian electrical energy sector has had a surplus capacity ever since emerging from a severe post-Soviet crisis in the mid-1990s, thanks to the reopening of the Metsamor Nuclear Power Plant, which was built in 1979 and supplies over 40% of the country's electricity.

What is Armenia's biggest energy consuming sector?

As Armenia’s largest energy-consuming sector, buildings account for around 40 percent of electricity demand and more than 25 percent of gas demand. Significant market opportunities for increased efficiency exist, particularly in home heating. Ministry of Territorial Administration and Infrastructure