Armenia

ContourGlobal is present in Armenia since July 2015, when we acquired the Vorotan Complex of Hydroelectric Power Stations – a complex of three hydroelectric power stations with an overall capacity of 404 MW accounting for roughly 12% of installed capacity of Armenian electricity system and providing about 10% of Armenia’s electricity, for an average annual power generation of 1.15 TWh/year. Vorotan Cascade is of strategic importance to the grid and plays a significant role in its stability and frequency control.

2025 will be celebration year for Armenia and 10 years in hydro, and also the 55th Anniversary of Tatev HPP, a true gem of the Soviet era energy system, as they used to call it and as it is known among the veterans of the energy sector in Armenia.

Over 10 years of ownership and operation of Vorotan, we completed critical refurbishments including a complete Electromechanical Rehabilitation (EMR) program and other major improvements such as the replacement of Shamb’s main transformers. The EMR program was carried out from 2017-2021 and focused on replacement or rehabilitation of worn out, defective and inefficient equipment and systems. It has increased reliability and efficiency to ensure trouble free operation for another 30 years. The scope included turbines, generators, auxiliary systems, main and auxiliary transformers, control and protections systems etc. with a total investment of around US $70mln.

After EMR completion, we  successfully completed  other major projects / critical refurbishment such as replacement of Shamb two main transformers, rehabilitation of Tatev DRP,  refurbishment of Tatev and Spandaryan pressure pipelines addressing water spillage from aging pressure pipelines. These efforts, in particular, improved water conservation and overall performance, reinforcing our promise to deliver energy responsibly, with a total investment of US $7.5 million.

ContourGlobal is also committed to environmental protection of the ecosystems in the area of the Vorotan Complex. As part of these efforts, the Vorotan teams undertake detailed monitoring of the water quality, water quantity and flow, aquatic species, water levels on a frequent basis.  In addition, the Vorotan Complex underwent a rigorous process to achieve their ISO 14001 (Environmental Protection) and 45001 (Health & Safety) in 2024. Furthermore, ContourGlobal joined the United Nations Proteus Partnership for Biodiversty and Nature, confirming our commitment to protecting habitats in the areas of our operations, and also completed a TCFD-aligned climate risk assessment for global operations, including Vorotan.