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BAKU: Contract Signed On Exporting Electricity From Armenia To Turke

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  • BAKU: Contract Signed On Exporting Electricity From Armenia To Turke

    CONTRACT SIGNED ON EXPORTING ELECTRICITY FROM ARMENIA TO TURKEY

    Azeri Press Agency
    Sept 10 2008
    Azerbaijan

    Yerevan - APA. Armenia will start selling electricity to Turkey as
    from 2009, Armenia's Energy and Natural Resources Minister Armen
    Movsisyan said, APA reports quoting Novosti-Armenia agency.

    He said that representatives of UNIT Company engaged in importation
    and distribution of high-voltage electricity in Turkey also attended
    the visit of President Abdullah Gul to Yerevan.

    "Contract was signed during the visit on exporting electricity from
    Armenia to Turkey through Kars. According to the contract, Turkey
    will restore all the necessary infrastructures in its territory in
    four or five months and begin receiving electricity," he said.

    The minister said the volume of electricity to be exported to Turkey
    will be 1.5 billion Kwh, later it is planned to reach 3.5 billion Kwh.

    "The price for a kilowatt depends on the price of heating energy and
    gas. But the price will be economically effective. If the electricity
    would have been exported now, the price would have been 5.7 cents
    per kilowatt-hour. The contract is successful enough. This is a new
    market for Armenia, the agreement will make it available to use our
    energy potential maximally," he said.

    Armen Movsisyan underlined that the agreement had been reached on
    the highest level and did not believe that there would be political
    obstacles.
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