ContourGlobal Hydro Cascade CJSC (CGHC) is a power generating company based in Armenia.
CGHC purchased the 404.2 MW Vorotan Cascade in 2015. Located on the Vorotan river in the country's Syunik region, the hydropower cascade covers 178km of the river length which holds three hydropower plants and four reservoirs. The Vorotan cascade plays a significant role in Armenia's energy system and provides 13-15% of the country's power generation.
As a subsidiary of ContourGlobal, CGHC's mission is to develop, acquire and operate electricity generation businesses worldwide, to improve lived by offering reliable and accessible electricity, to promote economic growth and social well-being through the elimination of poverty, to make places where they work better.
Alvin Abajyan, General Manager of CGHC says: “With all the changes happening in the energy sector and vast growth of green energy which we have witnessed in Armenia with solar, we believe the role of hydropower should never be underestimated as a reliable, safe and clean source of energy.
“ContourGlobal Hydro Cascade is continuous in its commitment to support the development of hydropower in Armenia through developing programs focused on efficient use of available water resources.”