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Armenia May Start Energy Export To Turkey In Apr

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  • Armenia May Start Energy Export To Turkey In Apr

    ARMENIA MAY START ENERGY EXPORT TO TURKEY IN APR

    ARKA
    March 20, 2009

    YEREVAN, March 20. /ARKA/. Armenia may start supplying electric energy
    to Turkey this April, said RA Minister of Energy and Natural Resources
    Armen Movsisyan.

    An agreement on the supply of electric energy to Turkey was signed
    on September 4, 2008, between the RA Ministry of Energy, High-Voltage
    Network Company and the UNIT Company (Belgium), which specializes in
    importing and distributing high-voltage electric energy in Turkey.

    Under the agreement, the necessary work is being carried out for
    the energy supply to be started as soon as possible, the Minister
    told reporters.

    Under the agreement the Turkish side pledged to renovate the
    high-voltage substations and disassemble 3-4km long power lines within
    4-5 months.

    Movsisyan said that the preparatory work is expected to be completed
    this April, and electric energy will be supplied to Turkey immediately
    afterward.

    Since the prices for gas, energy and water are to be raised in Armenia
    from April 1, the energy price for Turkey may be pegged to the price
    of gas supplied to Armenia.

    Under an advance agreement, Armenia is to start from 1.5bln kwh to
    bring this quantity up to 3.5bln kwh during the following years.

    The expected energy export price is $57 per 1MW, but the final price
    will be adjusted to the gas price changes after the terms of supply
    have been specified.

    On February 27, the=2 0RA Public Services Regulatory Commission
    approved a new gas price for Armenian consumers - 96,000 for 1,000
    cubic meters against 84,000 AMD.

    The new price is to take effect from April 1, 2009.

    The price for the electric energy supplied by the Electric Network
    of Armenia CJSC will be raised by 5 AMD for 1kwh. So the day-time
    price will reach 30 AMD for 1kwh, and the night-time price 20 AMD
    for 1kwh.
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