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Construction Of Armenian-Iranian Power Plants Set For 2011

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  • Construction Of Armenian-Iranian Power Plants Set For 2011

    CONSTRUCTION OF ARMENIAN-IRANIAN POWER PLANTS SET FOR 2011

    Armenialiberty.org
    Oct 15 2010

    Armenia -- Energy Minister Armen Movsiaian (L) and his Iranian
    counterpart Majid Namju launch the construction of an Armenian-Iranian
    power transmission line, 14Oct2010.

    Armenia and Iran will start building two major hydro-electric stations
    on their border early next year, the energy ministers of the two
    states said after talks in Yerevan on Friday.

    Armenian Energy Minister Armen Movsisian said on September 16 that work
    on the $323 million project will start during his Iranian counterpart
    Majid Namju's upcoming visit to Armenia.

    However, the two men only signed a memorandum reaffirming their
    governments' decision to launch the construction, which is due to
    take five years. "This year is coming to an end, so it will start
    next year," Movsisian said at the signing ceremony.

    His deputy Ara Simonian clarified that the construction will get
    underway next spring. "The construction will be done under direction
    oversight of the Armenian side and meet our technical standards,"
    Simonian told journalists.

    "We, the ministers, are determined to announce the launch of this
    very important project as soon as possible," Namju said, for his
    part. He said final details of the project will be worked out during
    Prime Minister Tigran Sarkisian's visit to Tehran slated for the end
    of this month.

    Sarkisian and Namju discussed the matter at a meeting earlier in the
    day. According to the Armenian government's press office, they both
    underlined its importance for the development of Armenian-Iranian
    relations.

    The two power plants will be built on either side of the Arax river
    marking the Armenian-Iranian border and have a capacity of 130
    megawatts each. They both are to be built by an Iranian company,
    Farad-Sepasad.

    Movsisian said last month that Armenia will finance its share of the
    project with electricity to be generated at the facility and supplied
    to Iran . "We will need 15 years to pay back the [Iranian] investments
    with electricity supplies," he said, adding that the plant will then
    become property of Armenia.

    Namju and Movsisian inaugurated on Thursday the launch of another
    Armenian-Iranian energy project. It involves the construction of a
    third high-voltage transmission line linking the two countries' power
    grids. The line will allow for a substantial increase in Armenian
    electricity exports to the Islamic Republic.

    That electricity is to be generated at Armenian thermal-power plans
    using natural gas supplied from Iran. Iranian gas deliveries to the
    country began in May last year.




    From: A. Papazian
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