A-S ENERGY LLC has been granted exemption from payment of customs duty on import of technological equipment, raw materials, and materials for the construction and operation of a 5 MW solar power plant in the Astghadzor community of the Gegharkunik region.

Within the program, it is planned to implement 1.6 billion AMD of investments for the construction, testing, and operation of stations. In the scope of the program, it is planned to create 4 jobs with an average salary of 250,000 AMD. The total volume of production will be about 230 million AMD per year fully realized in Armenia. 

Armenia has a large potential for solar energy (the average annual solar energy production per 1sq.m. of the surface is 1,720 kWh/sq.m. and a quarter of the country has an annual solar energy supply of 1,850 kWh/sq.m). The Government of the Republic of Armenia guarantees the purchase of the full amount of electricity produced from renewable sources within the next 20 years. Today, Armenia is building several large solar power plants with a total capacity of 400 MW.