As a result of implementing second phase activities of the Energy Efficiency Action Plan it is expected to provide 37 percent primary energy savings till 2020. According to Vahagn Atayan, the head of energy efficiency and technical normative division of energy department of the ministry of Energy Infrastructures and Natural Resources, the expected energy savings target index is almost 40 billion kWh in 2010-2020.
‘The average cost for 1 kWh electricity saved as a result of energy saving activities in public buildings costs, in SMEs and in the field of transport and utility services is up to 1-4 US cents, while the average cost of 1 kWh electricity produced in Armenia’s energy systemis almost 7 US cents. This means that for Armenia’s economy it is more affordable to implement activities aimed to improve energy saving and efficiency, than increase of new generating capacities’.
Today about 67 percent of the primary energy carriers consumed in Armenia is imported, which makes energy security vulnerable. Promoting energy efficiency will reduce primary energy demand and will lead to a reduction in the volume of imported fuel.
‘The energy saving and energy efficiency activities aimed at reducing energy consumption. As a result, energy production efficiency will improve, which will have a positive impact on the formation of prices’, said Mr. Atayan.