Investment areas

Oikocredit invests in financial inclusion, agriculture and renewable energy

Find out more
Find out more

Vorotan - ContourGlobal Hydro Cascade CJSC - Upgrading a hydro plant to ensure renewable energy production

Vorotan - ContourGlobal Hydro Cascade CJSC

Upgrading a hydro plant to ensure renewable energy production

Armenia

Green

Promotes and/or supports the protection of the environment. An example of this is an organic farming cooperative.

Vorotan - ContourGlobal Hydro Cascade CJSC will modernise and operate a 404MW hydro plant consisting of three run-of-the-river hydro installations with four reservoirs along the Vorotan river in Armenia.

The hydro plant is responsible for around 15% of electricity generated in the country. The plant plays an important role in stabilising Armenia’s electricity grid because it is able to produce more power at moments when electricity demand is higher.

Upgrading the plant is essential and should keep it operational for at least another 35 years. This will allow Armenia to continue to benefit from this important source of relatively low cost renewable energy.

Vorotan - ContourGlobal Hydro Cascade CJSC has been an Oikocredit partner since 2017.

Download this project as a PDF