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Trend News Agency, Baku, Azerbaijan
Distributed by McClatchy-Tribune Business News
November 9, 2012 Friday
Minister: Iran plays key role in securing energy sources for Armenia
by G. Mehdi, Trend News Agency, Baku, Azerbaijan
Nov. 09--Armenian Energy Minister Armen Movsisian has said that Iran
plays a key role in meeting energy needs of his country, IRNA
reported.
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 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.
Distributed by McClatchy-Tribune Business News
November 9, 2012 Friday
Minister: Iran plays key role in securing energy sources for Armenia
by G. Mehdi, Trend News Agency, Baku, Azerbaijan
Nov. 09--Armenian Energy Minister Armen Movsisian has said that Iran
plays a key role in meeting energy needs of his country, IRNA
reported.
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 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.