This page provides information on projects registered by the CDM Executive Board.
| Project Title: | Argichi Small Hydroelectric CDM Project |
| Project Number: | 1459 |
| Project location: | Verin Getashen village, Gegharkunik region, Republic of Armenia |
| Project Participants: |
Local Authorized Participant: Hydro Corporation CJSC |
| Sectoral Scope: | 1. Energy industries (renewable - / non-renewable sources) |
| Activity Scale: | Small |
| Methodologies Used: |
AMS-I.D. ver. 12 - Grid connected renewable electricity generation |
| GHG Reduction: | Annual: 13.331 metric tones CO2 equivalent Total: 133.310 tCO2e during the crediting period of 10 years |
| Capital Costs: | 4,6 mln USD |
| Crediting Period: | Fixed crediting period of 10 years |
| PDD Developers: | Energocor Ltd. |
CERs Recipient: |
According to the information provided by the project participant Emission Reduction Purchase Agreement (ERPA) for the sale and purchase of CERs generated by the proposed CDM project activity will be signed with EBRD Multilateral Carbon Credit Fund (MCCF). |
Project Objective: |
The main purpose of the project activity is generation of clean hydroelectric energy and contribution to climate change mitigation efforts. |
Project Description: |
The proposed project activity involves implementation and operation of 8,5 MW Small Hydroelectric grid connected renewable energy project on the Argichi river, Armenia. The electricity generated by Argichi SHPP will be sold to the Armenian Electricity Network.
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Expected Outcomes: |
The following outcomes are expected in case of project materialization:
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Project Status: |
The project is validated by KPMG Sustainability B.V. and submitted to the CDM Executive Board for registration. It was registered by the CDM Executive Board on February 24, 2008. The project owner has already signed a loan agreement with EBRD. Currently the project owner is expecting the final part of the investment to initiate construction works. |
| Project Timing: | Construction works will be launched in 2009. |
| Project Data | |
| Public Consultations: | Public hearings on the project held on April 25, 2006. |
| Project Design Document: |
Submitted to the DNA for approval on October 24, 2006. |
| Approved by the Armenian CDM DNA on November 23, 2006. | |
| Validation KPMG Sustainability B.V. in January 24, 2008. |
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| Registration: | Submitted to the CDM Executive Board for registration on November 30, 2007. |
| Registered by the CDM EB on February 24, 2008. | |
| Other Relevant Documents: |
Environmental impact assessment completed on July 7, 2006. |