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Armenia hosts EU4Energy mission for Energy Investment Risk Assessment 2017

From 22 to 24 May 2017 the Energy Charter Secretariat (ECS) conducted a fact-finding mission to Armenia to assess the investment climate in the country’s energy sector. This mission was undertaken in the run-up to a new publication, the Energy Investment Risk Assessment (EIRA), and in the context of Armenia’s participation in the EU4Energy Programme.

EU4Energy is a technical assistance programme funded by the European Union to strengthen Eastern Partnership countries’ energy policies. Within the EU4Energy Programme, the ECS provides technical assistance to strengthen the legal framework and stimulate investment in the countries’ energy sector. A priority in 2017 is to enhance Armenia’s investment climate by providing support to the identification of existing legal and regulatory investment risks.

 The EIRA, which is now in a pilot stage, aims at identifying risks for the energy sector, comparing countries’ risk profiles and proposing mitigating measures. By this new publication the ECS will contribute to lowering investment risks and barriers, which might be detrimental for the investment climate. For the EIRA pilot publication 2017 about 10 countries are to be assessed, which will be followed by a comparative analysis. After Mongolia, the Armenian government hosted this second fact-finding mission of the project, during which several representatives from governmental institutions and industrial organisations were interviewed. The findings will be translated into the 2017 EIRA pilot publication which will be presented during the Energy Charter Conference on 28-29 November 2017 in Ashgabat, Turkmenistan. In addition to this, during an EU4Energy high-level meeting in December 2017, the EIRA risk profile and recommendations for Armenia will be unveiled.

Armenia is a contracting party to the Energy Charter Treaty and Member of the Energy Charter Conference. In the sidelines of the fact-finding mission the Armenian government and the representatives of the ECS discussed further efforts to achieve the high ambitions of the government to enhance the investment climate and market structure of the country. In particular the country focuses on the development of the investment climate for renewable energy.