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Armenia To Boost Trade And Energy Ties With Iran

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  • Armenia To Boost Trade And Energy Ties With Iran

    ARMENIA TO BOOST TRADE AND ENERGY TIES WITH IRAN

    Steel Guru
    Oct 29 2012
    India

    Agencies reported that Armenia and Iran vowed to boost economic
    cooperation increase bilateral trade and speed up joint energy projects
    including a hydro electric power plant on their shared border.

    Mr Armen Movsisian energy minister of Armenia said that "The high level
    of political relations between the countries requires corresponding
    activity in the economic sphere too. Construction of the hydro electric
    power plant on the Aras River would begin in November."

    Mr Majid Namjou energy minister of Iran said that the problems
    hampering the construction of the Armenia and Iran third high voltage
    line have been resolved, Iranian co chairman of the Armenian and
    Iranian intergovernmental commission. The problems and obstacles
    have been eliminated, so at present, the Iranian contractor must make
    every effort to build this line."

    Mr Namjou said that 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
    and Armenian railway, Iran's co chairman of the Armenian and Iranian
    intergovernmental commission.

    He said that 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. 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.

    http://www.steelguru.com/middle_east_news/Armenia_to_boost_trade_and_energy_ties_with_Iran/289504.html

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