In partnership with Acba Bank solar power plant installed in Armenian Talin

YEREVAN, May 31. /ARKA/. A 5 MW solar photovoltaic plant has been built in the Armenian town of Talin in partnership with Acba Bank.

The Talin-2 plant, located on about 8 hectares, annually generates 10 million kWh of electricity, which is supplied to the Armenian power grid.

The solar power plant was founded by Karapet Ohanyan and his friends. While looking for a suitable location, they found out that after Gegharkunik region Talin is second settlement in Armenia with the most sunny days. There is a lot of sunshine here, which is the main condition for the development of green energy.

The “smart” power plant is controlled by a smartphone remotely, which allows to manage  the entire process of the plant and even turn it off.

The partner of the innovative plant is the Acba Bank, which emphasizes participation in projects to ensure the energy stability and independence of the country and to promote green energy.

The founders of Talin 2 solar power plant are also planning to build a greenhouse and a refrigerating facility on the territory of the plant. Karapet Ohanyan and his friends started a construction project in Dilijan with Acba Bank as a partner.

“I have been personally cooperating with Acba Bank for 20 years. When we started the solar power plant project, we applied to Acba Bank among other banks, and it offered us the best terms in the market. Moreover, when the well-known events took place – covid and the war (in Nagorno-Karabakh), the economic situation led to higher prices and implementation of this project became more expensive, but Acba acted as a real partner, refinanced and increased our financial resources, enabling us to accomplish our project. We are also working with Acba Bank on our next projects,” said Karapet Ohanyan, one of the co-founders of Talin 2 solar photovoltaic plant.

Acba Bbank is controlled by the Central Bank of Armenia.

More in the video. -0–

spot_img

POPULAR

Acba Bank and EFES launch a unique service in Armenia (VIDEO)

Acba Bank and EFES Insurance Company have introduced a unique service in Armenia – account insurance, which compensates for the loss of funds from clients' cards or accounts due to cyber fraud, the bank's press service reported.

LIGA Insurance Marks 18 Years in the Armenian Market and Announces a New Stage of Development and Brand Identity Refresh

LIGA Insurance announces the refresh of its brand identity, marking a new stage in the company’s development and the beginning of its international integration process, as the company celebrates 18 years of operation in the Armenian insurance market.

In Armenia, commercial bank deposits grew by 2.2% and lending by 1.6% in March — World Bank

In March, commercial bank deposits increased by 2.2% (MoM), while lending grew by 1.6% (MoM), according to the World Bank's "Armenia Monthly Economic Update – May 2026."

Euro continued to decline against the Armenian dram, while the dollar and ruble rose: Central Bank of Armenia

The average market exchange rate for the US dollar to the Armenian dram, formed on the Armenian foreign exchange market as of May 19, 2026, rose by 0.17 points compared to May 18, to 368.21 drams.

Unibank to Raise AMD 3.9 Billion Through a New Share Issue

Unibank has announced a new issue of common shares totaling AMD 3.9 billion. By September 9, 2026, the bank plans to place 10 million shares.

LATEST NEWS

spot_imgspot_imgspot_img