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Iran To Make Large Investment In Armenian Power Sector

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  • Iran To Make Large Investment In Armenian Power Sector

    IRAN TO MAKE LARGE INVESTMENT IN ARMENIAN POWER SECTOR

    FARS News Agency
    January 11, 2012 Wednesday
    Iran

    TEHRAN (FNA)- An Iranian consortium of private sector companies will
    invest $571 million in two Armenian projects for the transmission
    lines between the two states.

    According to an Iran Daily report, the investments will raise the power
    of hydroelectric power plant on River Aras to 1.7 gig watt annually.

    The agreement was reached during the Iranian President Mahmoud
    Ahmadinejad's recent visit to Armenia.

    Iranian Minister of Energy Majid Namjoo stated that Iran will build
    a pipeline to transfer gas to Armenia and will import energy from
    neighboring state.

    Earlier Iranian Foreign Minister Ali Akbar Salehi had told that
    Armenian and Iranian sides had agreed on the trade list, which will be
    exchanged on the lowest tariff and to enlarge the trans-border deals.

    Besides, Armenia is an important neighbor of Iran.

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