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Armenia has sufficient electricity-generating capacity to meet current domestic needs, but electricity demand is projected to grow by up to three percent annually. Electricity in Armenia is generated primarily by the Armenian Nuclear Power Plant (ANPP), hydroelectric plants, and thermal plants.
Armenia's energy sector has moved from a state of severe crisis in the early 1990s to relative stability today. A combination of policy, legal, regulatory, and institutional reforms have had good results.
The reforms went into effect starting Febru. The principal bodies involved in energy sector governance in Armenia include the Ministry of Territorial Administration and Infrastructure (MTAI), which is responsible for overall energy policymaking; the Ministry of Environment; the PSRC; and the Committee on Nuclear Safety Regulation (ANRA).
Newly tendered solar deals comprise 210 MW of capacity. The government expects solar PV capacity to reach 100 MW by 2024 and 1,000 MW by 2030. According to the MTAI, which oversees the energy sector, wind energy potential in Armenia is approximately 450 MW.
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