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Armenia And Iran Set New Date For Power Plant Construction

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  • Armenia And Iran Set New Date For Power Plant Construction

    ARMENIA AND IRAN SET NEW DATE FOR POWER PLANT CONSTRUCTION

    SteelGuru
    http://www.steelguru.com/middle_east_news/Armenia_and_Iran_set_new_date_for_power_plant_cons truction/267593.html
    June 8 2012
    India

    After years of delay, Armenia and Iran will finally start building
    this August a major hydroelectric plant on a fast flowing river
    marking their border.

    Official Armenian and Iranian sources said an agreement to that effect
    was reached during Iranian Energy Minister Mr Majid Namjou's weekend
    visit to Yerevan.

    Mr Namjou met with President Mr Serzh Sarkisian and Energy and Natural
    Resources Minister Mr Armen Movsisian for talks reportedly focusing on
    Armenian and Iranian energy projects that have fallen behind schedule.

    Work on the hydroelectric plant will start soon.

    Ms Lusine Harutiunian a spokeswoman for the Armenian Ministry of
    Energy and Natural Resources said that Mr Namjou and Mr Movsisian
    agreed to kick off the project's implementation in August.

    Report said that more precise date for the project launch August 22.

    It said that the construction work will get underway simultaneously
    on both banks of the Arax River that separates Armenia and Iran.

    Mr Serzh Sarkisian president of Armenia meets with Iran's Energy
    Minister Mr Majid Namjou in Yerevan June 2nd 2012. The Armenian and
    Iranian governments agreed, in principle to build the 140 MW facility
    about a decade ago and have since been working out practical modalities
    of the project estimated to cost USD 350 million.

    Mr Movsisian announced in July 2010 the impending start of its
    construction by Iranian firms. The Armenian government will pay for
    its 50 percent share in the project with future electricity supplies to
    the Islamic Republic. The minister said late last year that the power
    plant's construction has still not begun because of situations in Iran.

    Also having fallen behind schedule are long standing plans by Yerevan
    and Tehran to build a third high voltage transmission line connecting
    the two countries' power grids and a pipeline to ship Iranian fuel
    to Armenia. Iran's President Mr Mahmud Ahmadinejad and Mr Sarkisian
    pledged to speed up the implementation of all three projects when
    they met in Yerevan last December.

    Mr Sarkisian and Mr Namjou agreed that this will give a further
    considerable boost to Armenian and Iranian trade which rose by 13.6%
    to USD 323.4 million last year. The Armenian leader was reported to
    describe Iran as his country's reliable neighbor and good friend.

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