district will rise at the centre of the city, to replace the current Firdowsi shopping area. The committee has also announced the construction of Noy (Noah) ethnographic residential district at the western vicinity of Kentron District, with an approximate cost of US$100 million. Energy The location of the city on the shores of Hrazdan river has enabled the production of hydroelectricity. As part of the Sevan–Hrazdan Cascade, three hydroelectric power plants are established within the administrative territory of Yerevan: Kanaker HPP, Yerevan-1 HPP, and Yerevan-3 HPP. The entire plant was privatized in 2003, and is currently owned by RusHydro. The city is also home to the Yerevan Thermal Power Plant, a unique facility in the region for its quality and high technology, situated in the southern part of the city. Originally opened in 1961, a modern plant was built in 2007, furnished with a new gas-steam combined cycled turbine, to generate electric power. In March 2017, the construction of a new thermal power plant was launched with an initial investment of US$258 million and an envisaged capacity of 250 megawatts. The power station will be in service in 2019. Tourism and nightlife Tourism in Armenia is developing year by year and the capital city of Yerevan is one of the major tourist destinations. The city has a majority of luxury hotels, modern restaurants, bars, pubs and nightclubs. Zvartnots airport has also conducted renovation projects with the growing number of tourists visiting the country. Numerous places in Yerevan are attractive for tourists, such as the dancing fountains of the Republic Square, the State Opera House, the Cascade complex, the ruins of the Urartian city of Erebuni (Arin Berd), the historical site of Karmir Blur (Teishebaini), etc. The largest hotel of the city is the Ani Plaza Hotel. The Armenia Marriott Hotel is located at the Republic Square at the centre of Yerevan, while the Radisson Blu Hotel is located near the Victory Park. Other major chains operating in central Yerevan include the Grand Hotel Yerevan of the Small Luxury Hotels of the World, the Best Western Congress Hotel, the DoubleTree by Hilton, the Hyatt Place, the Ibis Yerevan Center, and The Alexander, a Luxury Collection Hotel of Marriott International. The location of Yerevan itself, is an inspiring factor for the foreigners to visit the city in order to enjoy the view of the biblical mount of Ararat, as the city lies