ArmInfo. On February 5, a quadripartite memorandum was signed at the Ministry of Environment of Armenia between the Ministry of Environment, the Ministry of Territorial Administration and Infrastructure, the Japanese company Komaihaltec Inc., and Zangezur Copper and Molybdenum Combine (ZCMC) CJSC. This was reported by the Zangezur Copper and Molybdenum Combine press service.
As part of the project, Zangezur Copper and Molybdenum Combine CJSC will collaborate with the Japanese company Komaihaltec Inc. to explore the possibility of creating a closed-loop hybrid energy system powered by wind energy for ZCMC's internal needs on the company's premises.
The goal of the initiative is to ensure the production and use of renewable energy in various areas of ZCMC's operations, contributing to the reduction of greenhouse gas emissions and increased energy efficiency.
Sergo Atanesyan, Secretary General of the Ministry of Environment, welcomed the parties and emphasized the importance of signing the Memorandum of Understanding, which is in line with environmental protection and climate policy priorities.
Vardan Janyan, First Deputy General Director of ZCMC, explained that the plant has long placed various renewable energy projects at the core of its development and modernization: "Solar power plants have already been installed in several communities adjacent to ZMMK as part of the company's efforts to meet their energy needs. The company also plans to implement a solar power plant project for its own needs. Armenia has enormous potential in the renewable energy sector, as well as in the mining industry. The joint program of the Armenian government, the Japanese company Komaihaltec Inc., and ZCMC underscores the priority this sector places on the Armenian government's agenda and its particular importance for business. International cooperation opens new opportunities and horizons for Armenia in the direction of energy independence and environmental sustainability."
The Republic of Armenia has adopted a low-carbon development strategy until 2050, and this project could become an example of successfully combining industrial development and climate responsibility. The parties hope that this cooperation will be effective and will contribute to the implementation of best international practices.
As a reminder, Zangezur Copper Molybdenum Combine (ZCMC) is the largest mining company in Armenia. The plant operates the Kajaran copper-molybdenum deposit. The plant's ore supply is approximately 150 years. The plant produces molybdenum and copper concentrates. Molybdenum concentrate contains 50% molybdenum, and the copper content in copper concentrate is at least 15%. The plant's annual production volume is approximately 22 million tons of ore. ZCMC's share of global molybdenum production is approximately 3.8%.
Komaihaltec Inc. is a major Japanese industrial company specializing in the design and construction of infrastructure facilities, as well as renewable energy solutions, including the development and installation of wind turbines and solar energy systems. As of January 2026, the company's market capitalization was approximately 9.35 billion yen, revenue was approximately 34.73 billion yen, and net profit was 1.60 billion yen.
