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ARMENIA TO BOOST TRADE, ENERGY TIES WITH IRAN
asbarez
Thursday, October 25th, 2012
Iran-Armenia Intergovernmental Organization meeting
YEREVAN (Combined Sources)-Armenia and Iran on Wednesday vowed to
boost economic cooperation, increase bilateral trade and speed up
joint energy projects including a hydro-electric power plant on their
shared border.
"The high level of political relations between the countries requires
corresponding activity in the economic sphere too," Armenian Energy
Minister Armen Movsisian said at a meeting with his Iranian counterpart
Majid Namjoo.
Movsisian said that construction of the hydro-electric power plant
on the Arax river would begin in November.
Namjoo called for the removal of "obstacles" which have slowed the
progress of implementing other joint projects like a third power
transmission line between the neighbor states and a railway link.
The problems hampering the construction of the Armenia-Iran third
high voltage line have been resolved, Iranian co-chairman of the
Armenian-Iranian intergovernmental commission, Energy Minister Majid
Namjoo said Thursday.
"The problems and obstacles have been eliminated, so at present,
the Iranian contractor must make every effort to build this line,"
Namjoo said after signing the Memorandum of Understanding following
the eleventh meeting of the Commission in Yerevan.
Movsisian said that Namjoo's appointment as a co-chairman of
the commission has given a new impetus to the implementation of
programmes, particularly the process of building a power line which
will be completed rapidly.
According to the Energy Ministry, a new power line from Iran to
Armenia is being constructed by Iranian company Sanir. The project
cost is estimated at 100-105 million euros.
Yerevan and Tehran have agreed to hold discussions on the construction
of Iranian-Armenian railway, Iran's co-chairman of the Armenian-Iranian
intergovernmental commission, Energy Minister Namjoo said.
"There is an agreement for Armenia and Iran to discuss various issues
related to the construction of the railway with the participation of
all concerned sides," Namjoo said.
He said that Armenian and Iranian sides pay great attention to the
railway construction.
The North-South railway (Iran-Armenia) will allow the Armenia to use
the alternative route of transporting energy resources and other
goods. According to the expert estimates, around $1.7-2.8 billion
are required to implement the project. Russia, Iran and China are
discussing the railway construction.
The World Bank and the Asian Development Bank have expressed interest
in the project.
From: Baghdasarian
asbarez
Thursday, October 25th, 2012
Iran-Armenia Intergovernmental Organization meeting
YEREVAN (Combined Sources)-Armenia and Iran on Wednesday vowed to
boost economic cooperation, increase bilateral trade and speed up
joint energy projects including a hydro-electric power plant on their
shared border.
"The high level of political relations between the countries requires
corresponding activity in the economic sphere too," Armenian Energy
Minister Armen Movsisian said at a meeting with his Iranian counterpart
Majid Namjoo.
Movsisian said that construction of the hydro-electric power plant
on the Arax river would begin in November.
Namjoo called for the removal of "obstacles" which have slowed the
progress of implementing other joint projects like a third power
transmission line between the neighbor states and a railway link.
The problems hampering the construction of the Armenia-Iran third
high voltage line have been resolved, Iranian co-chairman of the
Armenian-Iranian intergovernmental commission, Energy Minister Majid
Namjoo said Thursday.
"The problems and obstacles have been eliminated, so at present,
the Iranian contractor must make every effort to build this line,"
Namjoo said after signing the Memorandum of Understanding following
the eleventh meeting of the Commission in Yerevan.
Movsisian said that Namjoo's appointment as a co-chairman of
the commission has given a new impetus to the implementation of
programmes, particularly the process of building a power line which
will be completed rapidly.
According to the Energy Ministry, a new power line from Iran to
Armenia is being constructed by Iranian company Sanir. The project
cost is estimated at 100-105 million euros.
Yerevan and Tehran have agreed to hold discussions on the construction
of Iranian-Armenian railway, Iran's co-chairman of the Armenian-Iranian
intergovernmental commission, Energy Minister Namjoo said.
"There is an agreement for Armenia and Iran to discuss various issues
related to the construction of the railway with the participation of
all concerned sides," Namjoo said.
He said that Armenian and Iranian sides pay great attention to the
railway construction.
The North-South railway (Iran-Armenia) will allow the Armenia to use
the alternative route of transporting energy resources and other
goods. According to the expert estimates, around $1.7-2.8 billion
are required to implement the project. Russia, Iran and China are
discussing the railway construction.
The World Bank and the Asian Development Bank have expressed interest
in the project.
From: Baghdasarian