Description
Between 2012 and 2017, DHInfrastructure worked with the Armenia Renewable Resource and Energy Efficiency Fund (R2E2) to conduct an economic and financial assessment of a conceptual power plant at the Karkar geothermal site. In 2012, R2E2 wanted a recommendation on whether the Government of Armenia should proceed with exploratory drilling at the site. In 2017, R2E2 wanted to update the economic and financial model based on the results of exploratory drilling at the site conducted in late 2016. R2E2 wanted to analyze the economic and financial viability of a number of different conceptual plant scenarios based on the exploratory drilling and to attract private investment in geothermal opportunities at the site.
Service Provided
In 2012, DHInfrastructure developed an economic and financial model of the conceptual plant based on designs provided by an engineering firm. We also analyzed the role of the conceptual plant in the greater Armenian power sector. In 2017, DHInfrastructure provided updated financial and economic analysis of the conceptual geothermal plant scenarios at the Karkar site, based on geothermal resource temperatures and well flow volumes observed during the exploratory drilling, using the same model developed for the original study in 2012. We updated the report with the new results and developed a presentation and brief investment prospectus to assist R2E2 and the Government of Armenia in attracting private investment in geothermal opportunities at the Karkar site.