In Armenia there are some private companies which recycle paper, plastic, batteries, metals. While local solutions are better than nothing, only a systematic approach can give a fast solution to waste recycling, as well as change public’s attitude towards trash. We do need fast actions in this sphere as the pollution of soil, air and water is happening fast too, thus a solution in this field stems from our need to live in healthy and clean environment. This article is therefore one such step to bring the issue of recycling to the agenda of politician, decision makers in and outside of Armenia.
There are around 173 small hydropower plants (SHPP) in Armenia, of which around 114 are on natural streams. The license for these SHPPs is given for about 15 years. The electricity producers sell the electricity to “Electric Networks of Armenia” CJSC for around 11-25AMD (2-5 US cents kilowatt/hours). They do not however pay minimal taxes for water usage which used to go to the community budget before. Moreover, the documents that regulate SHPP sector are 50-60 years old and there has been no updated assessment of water resources in Armenia. (more…)
Lydian International Limited company is a mineral exploration and development corporation registered in an offshore zone namely in Jersey, Channel Islands. The Company is listed on the Toronto Stock Exchange and it owns a mining and a number of exploration assets in Armenia. Amulsar gold deposit is its key asset. The International Finance Corporation (IFC) and the European Bank for Reconstruction and Development (EBRD) have bought major stakes in Lydian but there are other shareholders too, among these the U.S., Canadian and European investment funds. IFC is a 7.9 percent shareholder and has invested over 13 million USD in multiple stages since 2007. The EBRD in its turn planned to invest up to 8 million USD to purchase shares of the company as part of its capital increase. As its existing shareholder EBRD has monitored project advancements together with an independent environmental and social consultant. (more…)
In 2013 World Bank provided around 30 million USD as a loan to Republic of Armenia for improving its irrigation systems. The loan was provided under the condition to repay it within 30 years. The Armenian government in its turn planned to contribute with 7.5 million USD. The project is to be realized within four years in four locations (Meghri, Geghardalich, Baghramyan-Norakert and Kaghtsrashen). Here the mechanical irrigation systems will be replaced with gravity (self-flowing) irrigation systems. The government hopes that this replacement will minimize the loss of water currently caused by worn-out pipes and that it will save money since there will be no more mechanical pumps working on electricity. (more…)