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 to Support Armenian Exports

To support the development of local producers, promote Armenian exports to various countries worldwide, and enhance the competitiveness of Armenian businesses, Acba Bank is offering the best export factoring terms currently available in Armenia until September 30.

Armenian banks increased net profit to 219.7 billion drams in the first half of the year

The combined net profit (after tax) of Armenian banks in the first half of 2026 amounted to 219.72 billion drams, compared to 200.7 billion drams in the same period of 2025, an increase of 9.48%.

Yerevan’s budget revenues for January-June exceeded the target by 10.3%

As of June 30, 2026, Yerevan's budget revenues amounted to 49.2 billion drams, compared to the planned 44.6 billion drams for January-June, according to David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

T-Bank customers in Armenia can now pay for purchases using QR codes

T-Bank customers in Armenia can now pay for purchases using QR codes through the mobile app, the bank's press service announced.

Euro, dollar, and ruble exchange rates against the Armenian dram have fallen: Central Bank

The average market exchange rate for the US dollar to the Armenian dram, determined on the Armenian foreign exchange market as of July 23, 2026, fell by 0.94 points compared to July 22, to 365.95 drams.

LATEST NEWS

spot_imgspot_imgspot_img