The opening ceremony of the new power plant took place on November 29, 2021.

Around 270 million USD has been invested for the project. 1200 workers were involved in the construction works and 50 new permanent jobs have been created since the launch of the power plant.After the completion of the adjustment works, the power plant will supply the cheapest electricity produced by similar stations to the energy network of the Republic of Armenia.Prime Minister Nikol Pashinyan attended the ceremony, toured the power plant, got acquainted with the works done so far accompanied by Giovanni Rubini, CEO of Renco Company.