ARMENIA NEGOTIATING WITH TURKEY FOR INCREASE OF ELECTRIC POWER SUPPLY TO THAT COUNTRY

ArmInfo
2009-05-21 15:37:00

Armenia is negotiating with Turkey for increase of the earlier agreed
volume of Armenian electric power supply to that country, Minister
of Energy and Natural Resources of Armenia Armen Movsisyan told media.

He said that Armenia was to launch direct supply of 1,5 billion
kWh electric power to Turkey annually at the initial stage and than
increase it to 3.5 billion kWh. The minister did not say how much
the electric power export to Turkey may grow. UNIT Company was to
launch the supplies as part of the agreement signed on September 4
2008 with the Armenian Ministry of Energy and Natural Resources. The
minister said the Turkish party is currently settling some technical
problems. The supply will be launched within the shortest period of
time. Armenia supplied electricity to Turkey for the last time in the
Soviet time. The preliminary agreement on the tariff is 5.7 US cents
per 1 kW. However, this tariff was agreed on yet before the tariff
of the Russian gas imported to Armenia grew from $110 to $154 per
1,000 cubic meters.