Pöyry has been awarded the engineering and consultancy services assignment for the feasibility study for Shnogh hydroelectric project in the Republic of Armenia.
Located along the Debed river in northern Armenia close to the Georgian border, the Shnogh project is a run-of-river plant which harnesses the water from the Debed and Martsiget rivers, which will be dammed behind a 25m high concrete weir, and conveyed to the powerhouse along a long free-flow tunnel (19 km), a pressure shaft (230m), and a high pressure tunnel. The two turbines with capacity of 70MW will be housed in a surface powerhouse located on the bank of the Debed River, in the vicinity of Neghots village.
Pöyry's assignment includes the review of existing documents and the basic studies, feasibility design of the selected alternatives, construction schedule, bill of quantities, cost estimate, economic evaluation and executive summary.
The investment project will be implemented by the Energy Invest Holding CJSC via its newly created subsidiary company which will construct and operate the plant, the Debed Hydro LLC. The Investors Club of Armenia investment fund will co-invest 15% of the required investment amount into this project.