ArmInfo.European investors will soon implement an investment program worth $ 100 million in Artsakh. The agreement was reached during the visit of former Prime Minister of Artsakh, Advisor to the NKR President on special assignment Arayik Arutyunyan and the government delegation to Europe.
As Harutyunyan wrote on his Facebook page, these funds will be invested in the construction of a new reservoir on the right bank of the Sarsang. The construction works will last several years; this will allow the water from the reservoir to be transported by means of a cascade by gravity to the districts surrounding the Martakert administrative center. With the help of three new reservoirs, it will be possible to irrigate more than 10 thousand hectares of territory (10% of all irrigated lands). "I think that this will be one of the largest foreign investment projects in Artsakh, and a guarantee of agricultural development in the Martakert region," wrote Harutyunyan, adding that the irrigation system of the republic needs serious investments. He said that these days a delegation of European investors is in Artsakh, with whom the technical details of the program, as well as the timing of its implementation, are being discussed. "The day is approaching when in the Martakert region as a result of the development of gardening, processing enterprises with thousands of jobs will also be built," the ex-premier said.
It is noteworthy that the investment project also implies the construction of a new hydroelectric power station on the cascade, which by increasing the volume of generated electricity will contribute to its export. Harutyunyan also added that according to the data for 9 months of 2018, the volume of electricity generated in the country amounted to 290 million KW, an increase of 20.5% compared to the same period in 2017. The republic consumes 267 million kW. The ex-premier noted that in the near future it is planned to increase the volume of electricity generated in the country to 1 billion kWh. Harutyunyan also announced in the near future the launch of several charitable programs due to funds provided by benefactors from Diaspora.