Al-Bawaba, Jordan
June 12 2005

Iran, Armenia ink MoU on electricity cooperation

Posted: 12-06-2005 , 09:50 GMT

Iran and Armenia signed a memorandum of understanding (MoU) in Tehran
Saturday to boost bilateral cooperation in the field of electricity.

The MoU was signed by Iran’s Energy Minister Habibollah Bitaraf and
his Armenian counterpart Armen Movsisyan.

Under the MoU, Iran and Armenia reached consensus to implement the
third 400-kw two-circuit transmission line project, valued at 90
million dollars, <i>IRNA</i> reported.

The two countries are also slated to implement the second phase of
the Iran-Armenia pipeline project, worth 130 million dollars and the
complementary project of the fifth unit of the Hrazdan thermal power
plant.

Under the framework of the agreement, Iranian companies of the Iran
Power Plant Projects Management Company (MAPNA) and Sanir are due to
add a new unit of gas power plant – capable to be transformed into
combined cycle – to Armenia. The project is worth 150 million
dollars.

Based on the accord, the implementation of the said project should be
finalized in 2007.