Tamara babayan

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Tamara babayan

  1. 1. Development of SHPP in Armenia TAMARA BABAYAN Director of R2E2 Fund
  2. 2. Hydro Resources250-300MW
  3. 3. Wind resources300-500MW
  4. 4. Solarresource>1000MW TAMARA BABAYAN Director of R2E2 Fund
  5. 5. Geothermal resources25-50 MW
  6. 6. Technical Potential for Selected RETesTechnical Potential of Selected Renewable 2010 2015 2020Energy Technologies Small Hydro Power ProjectsGeneration capacity in place [MW] 102,5 179 216,5Investment cost installed [USD/kW] 500-700 1200 1500Production costs [USD Cent/kWh] 3,3-4,9 6 7.4 Wind PowerGeneration capacity in place [MW] 2.6 102.4 302.4Investment cost installed [USD/kW] 2100 2040 2000Production costs [USD Cent/kWh] 10.3 10.8 11.8 PhotovoltaicsGeneration capacity in place [MW] 0.1 0.3 1Investment cost installed [USD/kW] 6000 5000 2700Production costs [USD Cent/kWh] 47 38 24 GeothermalGeneration capacity in place [MW] 0 0 25Investment cost installed [USD/kW] 0 0 3000Production costs [USD Cent/kWh] 0 0 6.75
  7. 7. Base Growth Case for the Development of RETs in Armenia GWh2 0001 8001 600 192,0 192,0 154,01 400 192,0 138,61 200 192,0 123,21 000 107,8 755,0 92,4 628,4 800 77,0 512,8 424,9 61,6 344,8 600 255,7 46,2 179,2 30,8 108,8 400 15,4 48,7 22,7 540,2 564,9 587,6 608,6 625,6 449,9 483,3 517,3 200357,0 412,1 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Small HPPs Base Wind Base Growth Solar PV Base Growth Geothermal Base growth 7
  8. 8. Current Situation Generating units Number of plants Capacity, MW Annual Production, GWh SHPP 111 149 482 Wind 1 2,64 5,0 Biomass 1 0,835 5,9 Solar PV 1 0,01 0,015 Total 114 152,49 492,92 SHPP construction 80 154 578 Wind construction 2 19,05 30,1 ALL 116 325,54 1101,02 8
  9. 9. Construction and Generation Licenses30 29 29 2525 2320 21 1915 15 15 14 13 11 1210 11 95 5 40 2004 2005 2006 2007 2008 2009 2010 2011
  10. 10. Policy Incentives• Guaranteed purchase of produced electricity within 15 years after commissioning /production license/• Fixed tariff – SHPP /natural flow/ -19.28 AMD/kWh - $0.052 – SHPP /irrigation/ - 12.853 AMD/kWh -$0.035 – SHPP /drinking water/ - 8.57 /kWh -$0.023 – Wind – 33.756 AMD/kWh – $0.091 – Biomass – 36.928 AMD/kWh -$0.1• End user tariff /population/- 30 AMD/kWh (day)-$0.08; 20AMD/kWh night - $0.054 10
  11. 11. Barrier Removal and Facilitation• Information – R2E2 has updated SHPP scheme of Armenia – R2E2 has identified barriers and submitted to the Government – TA programs financed by IFIs• Technological – Lack of water merits points – Capacity of engineering design – Lack of equipment in local market – Pipes• Financing – Exaggerated risk of investment – Lack of collateral – High interest rate – Lack of long-term loans 11
  12. 12. Barrier Removal and FacilitationBarrier Facilitation INFORMATIONALIdentification of Barriers R2E2 has identified and submitted to Government special Task ForceInformation on potential sites R2E2 has updated SHPP scheme of ArmeniaInformation on technologies and market TA programs financed by IFIs TECHNOLOGICALLack of water merits points SHPP schemeCapacity of engineering design TA of IFIs, local bank expertsLack of equipment in local market Local production facilities including GRP pypes FINANCINGExaggerated risk of investment IFIs involvementCollateral Installed equipment serve as collateralLack of long-term loans IFIs supportHigh interest rate IFIs support 12
  13. 13. Financing Opportunities• R2E2 Fund – WB $5mln., EBRD $7mln., Local Bank $3mln., co-financing >30%, actual $28 mln. -27 SHPP• R2E2 Revolving – $9.2 mln.• IFC/FMO – 15 SHPPs (about 22 mln. USD)• KFW – 1st tranche – 14 SHPPs – 6 mln. Euro• KFW – 2nd tranche 11 mln. Euro AA SHPPs 13
  14. 14. Forests-10%Gas-0%Oil-0%Coal-0% Renewable is not only energy security but also National security for my country
  15. 15. RENEWABLE RESOURCES AND ENERGY EFFICIENCY FUND Tamara Babayan Director Renewable Resources and Energy Efficiency Fund director@r2e2.am www.r2e2.am; www.reweek.am

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