ARMENIA TO SELL ELECTRICITY TO TURKEY STARTING FROM 2009

Noyan Tapan

Se p 11, 2008

YEREVAN, SEPTEMBER 11, NOYAN TAPAN. Starting from 2009, Armenia will
sell electricity to Turkey. According to Azg daily, the Armenian
minister of energy and natural resources Armen Movsisian announced
this during a briefing with reporters. He said that discussions
on this issue were held during the visit of the Turkish president
to Armenia at the invitation of the Armenian president. During the
meetings, an agreement was also signed between the ministry and Unit
company (Turkey) which is engaged in the import and distribution
of electricity in Turkey. Besides, an agreement was signed between
High-Voltage Electric Networks of Armenia and Unit on the direct
export of electricity from Armenia through Kars. The date of starting
the electricity export depends on the Turkish side. The price of
electricity to be exported will be calculated by a special formula
based on the price of gas. In the words of A. Movsisian, this price
will be economically efficient and well-founded: by rough estimates,
1 kw will cost 5.7 cents. It was mentioned that Armenia last supplied
electricity to Turkey in the Soviet time.