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July 16, 2010 Friday
Fresh Armenian-Iranian Energy Projects Set For Launch
Armenia announced on Wednesday the impending launch of three more
joint energy projects with neighboring Iran that are estimated to cost
more than $700 million.
Energy Minister Armen Movsisian said the two nations will start
building this year a third high-voltage transmission line connecting
their power grids, a hydro-electric station on the Arax river marking
their border, and a pipeline that will pump Iranian oil products to
Armenia.
The Armenian and Iranian governments have spent years negotiating on
these projects and preparing for their implementation, which would
give a massive boost to their economic ties.
With a projected capacity of 140 megawatts and an estimated cost of
$350 million, the hydro-electric station is to be constructed by
Iranian firms. According to Movsisian, the Armenian side will pay half
of the bill with supplies of electricity to the Islamic Republic.
Movsisian told journalists that the two governments will also equally
co-finance the $180 million construction of the pipeline which he said
will get underway this fall. It will enable Armenian fuel companies to
import petrol and diesel fuel at prices well below the international
level, he said.
Movsisian added that the two sides will also start within
approximately one month work on the third power transmission line. He
said earlier that it will take 18 months.
The facility will allow for large-scale exports of Armenian
electricity to Iran to be mainly generated by Iranian natural gas.
Armenia began importing it, in modest amounts, through a newly
constructed gas pipeline in May last year. The volume of these
deliveries is due to increase drastically to at least 2 billion cubic
meters per annum in the next few years.
Armenia is pressing ahead with these projects despite tougher
sanctions which the U.N. Security Council imposed on the Islamic
regime in Tehran last month over its controversial nuclear program.
The sanctions do not directly target the energy sector, the main area
of Armenian-Iranian economic cooperation.
Official Yerevan said on June 10 that it is closely monitoring the
intensifying standoff between Iran and the West and hopes for its
peaceful resolution. Visiting Germany two weeks later, President Serzh
Sarkisian urged Western powers to address Tehran s sense of being in
danger and reckon with its geopolitical interests in the region.
From: A. Papazian
July 16, 2010 Friday
Fresh Armenian-Iranian Energy Projects Set For Launch
Armenia announced on Wednesday the impending launch of three more
joint energy projects with neighboring Iran that are estimated to cost
more than $700 million.
Energy Minister Armen Movsisian said the two nations will start
building this year a third high-voltage transmission line connecting
their power grids, a hydro-electric station on the Arax river marking
their border, and a pipeline that will pump Iranian oil products to
Armenia.
The Armenian and Iranian governments have spent years negotiating on
these projects and preparing for their implementation, which would
give a massive boost to their economic ties.
With a projected capacity of 140 megawatts and an estimated cost of
$350 million, the hydro-electric station is to be constructed by
Iranian firms. According to Movsisian, the Armenian side will pay half
of the bill with supplies of electricity to the Islamic Republic.
Movsisian told journalists that the two governments will also equally
co-finance the $180 million construction of the pipeline which he said
will get underway this fall. It will enable Armenian fuel companies to
import petrol and diesel fuel at prices well below the international
level, he said.
Movsisian added that the two sides will also start within
approximately one month work on the third power transmission line. He
said earlier that it will take 18 months.
The facility will allow for large-scale exports of Armenian
electricity to Iran to be mainly generated by Iranian natural gas.
Armenia began importing it, in modest amounts, through a newly
constructed gas pipeline in May last year. The volume of these
deliveries is due to increase drastically to at least 2 billion cubic
meters per annum in the next few years.
Armenia is pressing ahead with these projects despite tougher
sanctions which the U.N. Security Council imposed on the Islamic
regime in Tehran last month over its controversial nuclear program.
The sanctions do not directly target the energy sector, the main area
of Armenian-Iranian economic cooperation.
Official Yerevan said on June 10 that it is closely monitoring the
intensifying standoff between Iran and the West and hopes for its
peaceful resolution. Visiting Germany two weeks later, President Serzh
Sarkisian urged Western powers to address Tehran s sense of being in
danger and reckon with its geopolitical interests in the region.
From: A. Papazian