Iran, Armenia expands bilateral energy ties

MehrNews.com, Iran
Feb 11 2005

TEHRAN, Feb. 11 (MNA) – Iranian and Armenian ministers of energy
met here to negotiate ways of expansion of bilateral ties in the
energy sector.

In this meeting, the Iranian minister asked to jointly carry out an
expert-level study in order to clarify the details of the contract
before coming up to a final agreement.

Iran had earlier agreed to import power from Armenia and export gas
to that country after a 160 km gas pipeline is constructed between
the two countries.

Armenia has stored 600 million KWH power this year and is keen to
export it to Iran.

The two ministers agreed to establish a wind power plant with a
capacity of 90 MW, the third power transmission line, two circuit
lines with a capacity of 220/230 KV to boost transmission capacity
from Harazdan to Agarak power plants, 312 KM transmission line with
a capacity of 220 KV between Harazdan and Agarak power plants, the
Aras dam and its power plant, and to develop the fifth 130 MW unit of
Harazdan power plant which needs 90-100 million dollar in investment.

The Iranian minister asked the Armenian side to calculate precisely
how much power is supposed to be exported to Iran via the first,
second, and third transmission lines and to determine the price of
the power too.

The Iranian minister said that Iran needs a couple of months to sign
the agreement.