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Iran builds powerplant in Armenia

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  • Iran builds powerplant in Armenia

    The Persian Journal
    Iran builds powerplant in Armenia
    Sep 24, 2005

    Armenian energy minister said on Friday Iran has invested 150 million
    dollars in construction of the fifth unit of the thermal powerplant of
    "Razdan".

    Speaking to reporters, Armen Movsisian said, according to the contract, the
    Iranian side will finish the construction operation in two years and the
    Armenian side will pay back the investment by delivering electricity to Iran
    for a ten-year period.

    He added Iran and Armenia will construct the third transferring high voltage
    electricity line with a capacity of 1,200 mega watts.

    Movsisian said the Armenian government, after considering many options,
    chose the Iranian company as a contractor for the fifth unit of Razdan
    powerplant.

    Concerning Iran's gas pipeline to Armenia, movsisian said the construction
    operation is underway and it will be finished four to five months before due
    time.

    The gas pipeline was scheduled to be commissioned at the end of 2006.
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