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BUILDING OF ARMENIAN LENGTH OF POWER LINE TO GEORGIA COULD RISE 25%-30% IN PRICE
Interfax
July 13 2011
Russia
The price tag for the construction of the Armenian section of the 400
kWt Razdan (Armenia) to Gardabani (Georgia) power line could increase
by $5-$6 million over the previously announced $20 million, or by 25%
to 30%, Armenia's Energy and Natural Resources Minister Armen Movsisyan
announced at a press conference on Wednesday.
The route most suitable to both countries has been selected, causing
costs to go up, Movsisyan said. Armenia continues planning to raise
a financing loan from the German bank KfW for the building of the
105-km section.
Construction will begin soon, he said.
At present, there are three power lines running between the two
countries - two of 110 kWt and a third of 220 kWt capacity. The fourth
one will for the first time allow for the parallel operation of their
power systems. Iran's will be connected in the future.
The entire project was appraised earlier at roughly $50 million.
An agreement on building the line was signed early last year
between CJSC Armenian High-voltage Electricity Network and Georgian
International Energy Corporation. During a visit to Yerevan by head
of the board of managers at State Electrical Systems of Georgia
Sulkhan Zumburidze at the beginning of this month, amendments to the
agreement laying out the parties' rights and responsibilities during
construction were signed.
Interfax
July 13 2011
Russia
The price tag for the construction of the Armenian section of the 400
kWt Razdan (Armenia) to Gardabani (Georgia) power line could increase
by $5-$6 million over the previously announced $20 million, or by 25%
to 30%, Armenia's Energy and Natural Resources Minister Armen Movsisyan
announced at a press conference on Wednesday.
The route most suitable to both countries has been selected, causing
costs to go up, Movsisyan said. Armenia continues planning to raise
a financing loan from the German bank KfW for the building of the
105-km section.
Construction will begin soon, he said.
At present, there are three power lines running between the two
countries - two of 110 kWt and a third of 220 kWt capacity. The fourth
one will for the first time allow for the parallel operation of their
power systems. Iran's will be connected in the future.
The entire project was appraised earlier at roughly $50 million.
An agreement on building the line was signed early last year
between CJSC Armenian High-voltage Electricity Network and Georgian
International Energy Corporation. During a visit to Yerevan by head
of the board of managers at State Electrical Systems of Georgia
Sulkhan Zumburidze at the beginning of this month, amendments to the
agreement laying out the parties' rights and responsibilities during
construction were signed.