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Iran plays key role in meeting Armenia's energy needs: minister
Economic Desk
http://tehrantimes.com/economy-and-business/103131-iran-plays-key-role-in-meeting-armenias-energy-needs-minister
On Line: 09 November 2012 15:20
In Print: Saturday 10 November 2012
TEHRAN - Armenian Energy Minister Armen Movsisian has said that Iran
plays a key role in meeting energy needs of his country, IRNA reported
on Thursday.
Addressing a press conference in Yerevan on the sidelines of
Iran-Armenia joint economic committee meeting, the official said that
the two sides agreed on new plans to boost bilateral trade.
Armenia and Iran on Thursday began construction on a joint
hydro-electric power plant along their shared border as the two
neighbors sought to boost economic ties.
Armenia's President Serzh Sargsyan and Iran's Energy Minister Majid
Namjoo symbolically laid the first stone for the plant located on the
Aras River near the southern Armenian town of Meghri.
The $323-million, 130-megawatt plant is due to be completed in five
years, and will supply energy to Iran for the first 15 years before
being handed over to Armenia.
`This plant will play an important role in ensuring Armenia's energy
security,' Movsisian said.
Armenia and Iran last month vowed to increase economic cooperation,
boost bilateral trade and speed up joint projects including the
hydro-electric plant, a third power transmission line between the
countries and a railway link.
Economic Desk
http://tehrantimes.com/economy-and-business/103131-iran-plays-key-role-in-meeting-armenias-energy-needs-minister
On Line: 09 November 2012 15:20
In Print: Saturday 10 November 2012
TEHRAN - Armenian Energy Minister Armen Movsisian has said that Iran
plays a key role in meeting energy needs of his country, IRNA reported
on Thursday.
Addressing a press conference in Yerevan on the sidelines of
Iran-Armenia joint economic committee meeting, the official said that
the two sides agreed on new plans to boost bilateral trade.
Armenia and Iran on Thursday began construction on a joint
hydro-electric power plant along their shared border as the two
neighbors sought to boost economic ties.
Armenia's President Serzh Sargsyan and Iran's Energy Minister Majid
Namjoo symbolically laid the first stone for the plant located on the
Aras River near the southern Armenian town of Meghri.
The $323-million, 130-megawatt plant is due to be completed in five
years, and will supply energy to Iran for the first 15 years before
being handed over to Armenia.
`This plant will play an important role in ensuring Armenia's energy
security,' Movsisian said.
Armenia and Iran last month vowed to increase economic cooperation,
boost bilateral trade and speed up joint projects including the
hydro-electric plant, a third power transmission line between the
countries and a railway link.