ArmInfo.Armenian President Armen Sarkissian left for the United Arab Emirates, where he will hold meetings with the top leadership of the UAE to discuss issues of interstate cooperation.
In particular, according to the press service of the head of state, Armen Sarkissian will visit the "Masdar" scientific and industrial center. The President will discuss with the company's management issues related to new investments in the field of alternative energy, the next phase of the Masdar project, as well as opportunities for cooperation in the field of innovative technologies.
In addition, Armen Sarkissian will discuss issues related to cooperation in the field of aviation, tourism and investment with the leadership of the emirate of Sharjah. At the same time, the parties will talk about Armenia's participation as an honored guest in the annual International Cultural Festival of Sharjah Heritage Days.
It is reported that as part of his visit to the UAE, the President will also take part in the international authoritative forum Abu Dhabi Sustainability Week 2022.
On November 26, 2021, following the results of the competition, the Armenian government signed an agreement with the Masdar Company on the construction of the Ayg-1 photovoltaic power plant with a capacity of 200 MW near Talin,. Earlier, in July of this year, Masdar was declared the winner of the tender for the construction of this photovoltaic industrial station. According to the tender offer, the company offered a rather low tariff from the future solar generation facility - $0.0290 excluding VAT per 1 kWh of electricity. The beneficiary of 85% of the shares will be the Masdar Company, and 15% of the shares will belong to the Armenian National Interests Fund (ANIF) . Construction will be carried out in 2 years. The total cost of the investment program is estimated at $174 million. Masdar is a subsidiary of Mubadala Investment Company, UAE, with total assets of $220 billion and one of the world's leading companies in the field of renewable energy. It should be noted that according to the program for the development of renewable energy sources, solar power plants with a total installed capacity of up to 1,000 megawatts should be built in Armenia by 2030.-