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"Iran builds thermal powerplant in Armenia"

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  • "Iran builds thermal powerplant in Armenia"

    IranMania News, Iran
    Sept 24 2005

    "Iran builds thermal powerplant in Armenia"

    Saturday, September 24, 2005 - ©2005 IranMania.com

    LONDON, September 24 (IranMania) - Armenian Energy Minister said Iran
    has invested $150 mln in construction of the fifth unit of the
    thermal powerplant of "Razdan", according to IRNA.

    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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