The Government takes steps to create a wholesale electricity market.

05 Mar, 2021

The New Year rings in a brighter future for Armenia, as the government takes important first steps to create a wholesale electricity market. The Tetra Tech International Development Services-led USAID Market Liberalization and Electricity Trade Program is supporting this and other reforms to open Amenia’s electricity market and expand cross-border power trade with Georgia.

On December 19, USAID and the Ministry of Energy Infrastructure and Natural Resources announced the launch of the Market Liberalization and Electricity Trade (MLET) project.

MLET will also support the Armenian government in updating its Energy strategy and developing a long-term least cost energy plan that will assess options for power generation, including renewable sources and replacement of the aging Metsamor Nuclear Power Plant when it needs to be decommissioned.

Source: News.am/USAID

Other news