Is Armenia developing a battery storage project?

Currently, Armenia is in the initial stages of developing a pilot project on battery storage, with plans for a utility-scale project with an estimated installed storage capacity of 1,200 MWh to be tendered in the coming years.

What is Armenia's nuclear capacity?

However, due to an aging power park, the available capacity is comparatively lower at 3.1 GW. The entirety of Armenia’s 448 MW nuclear capacity is housed in the Metsamor nuclear power plant. Initially reactivated during the mid-1990s energy crisis, decommissioning of Metsamor has been repeatedly delayed.

Why is Armenia a reliance on energy resources?

Armenia remains a country with great dependence on the imports of the energy resources. In 2022, imported energy resources in the total primary supply of energy were 80.3%. In 2022, energy imports increased by 5.0% compared to 2021. This is mainly due to an increase in imports of oil products and natural gas.

How much oil can be stored in Armenia?

Up to 1.2 Mt of light oil products and 0.9 Mt of fuel oil can be stored, but most depots do not comply with modern standards and many need repairs. Meanwhile, upgrades to the Abovyan underground gas storage facility in 2012 doubled its capacity to 135 mcm. Armenia is not under any international obligation to hold oil stocks.

How much power does Armenia have?

Installed generation capacity is 4 147.2 MW, but available capacity is lower (2 878.7 MW) due to the age and condition of plants: approximately 50% of Armenia’s capacity is more than 40 years old. The Yerevan thermal power plant was retired in 2010, and the government plans to retire the oldest units of the Hrazdan plant in 2023.

Which sectors consume the most energy in Armenia?

Energy consumption is primarily concentrated in the household (34%) and transport (30%) sectors. In transportation, consumption is divided mainly between oil products (52%) and natural gas (46%), with cars in Armenia boasting one of the largest shares of vehicles running on compressed natural gas (CNG) worldwide.