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Iran To Build 170m Power Plant In Armenia

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  • Iran To Build 170m Power Plant In Armenia

    IRAN TO BUILD 170M POWER PLANT IN ARMENIA

    Mehr News Agency, Iran
    Sept 26 2005

    TEHRAN, Sept. 26 (MNA) - Mohsen Shaterzadeh, an official of MAPNA
    International Company, said on Monday that Iran would construct
    a combined cycle power plant in Armenia at an overall cost of 170
    million euros within the next three years.

    Initially, several gas units will be added to the current steam
    units. The Harazdan Power Plant was constructed by Russia nine years
    ago with 80 percent physical progress. However, it remained incomplete
    due to the internal situation of Russia after the collapse of the
    USSR and separation of Armenian, he stated.

    Shaterzadeh added that in his recent visit to Iran, the Armenian
    energy minister held negotiations with the managing director of
    MAPNA Co. as well as the Iranian energy minister of the time, and
    called for completing Harazdan by the Iranian company. Finally, the
    cooperation agreement was signed between MAPNA and the Armenian part,
    he further said.

    According to the agreement, the Iranian expertise team was dispatched
    to Armenia last winter for conducting the primary estimations; they
    set the figure at 9 million euro for completing the fifth unit of
    Harazdan Steam Power Plant, he explained.

    He also maintained, "The production capacity of Harazdan power plant
    is 325 MW and the whole equipment were provided by Russia." MAPNA
    has allocated credit facility of nearly $2 million to the Armenian
    part to conduct the primary studies.

    The construction project of the combined cycle power plant comprises
    three phases, he said. "In the first phase, the standing steam power
    plant is to be completed by 2007 based on the projections made. Since
    the majority of the equipment has been provided by Russia, we held
    discussions with an Armenia-based Russian engineering company whose
    experts will soon pay a visit to Iran to finalize the cooperation
    agreement." Therefore, the steam power plant will be jointly completed
    by the Iranian and Russian engineers, he added.

    In the second phase of the project, a gas power plant will be set up
    by the Iranian engineers and the local Armenian workers. In this phase,
    the Iranian equipment will be used, he noted.

    He added, "In the third phase of the construction, the Iranian and
    Russian engineers will have a joint cooperation."

    According to Shaterzadeh, Armenia has held negotiations with the
    Islamic Development Bank (IDB) to receive a loan and the bank has
    given a positive go-ahead on approving it.
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