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Iran, Armenia Agree On 3 Power Projects

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  • Iran, Armenia Agree On 3 Power Projects

    IRAN, ARMENIA AGREE ON 3 POWER PROJECTS

    Press TV, Iran
    Nov 5 2013

    File photo shows power transmission lines between Iran and its
    neighbors.

    Tue Nov 5, 2013 2:50PM GMT

    Iranian Energy Minister Hamid Chitchian and his Armenian counterpart
    have signed three agreements for the implementation of joint hydropower
    projects.

    The agreements were reached in Tehran on Tuesday as Chitchian and
    Armenian Minister of Energy and Natural Resources Armen Movsisyan
    met to discuss enhancement of mutual cooperation between the two
    neighboring countries.

    Speaking to reporters on the sidelines of the meeting, Chitchian
    pointed to the high level of cooperation between Iran and Armenia in
    the electricity and energy sectors and noted that the new agreements
    were related to bartering electricity for natural gas, construction
    of a new hydroelectric power plant on the border river, Aras, and
    further electricity exchanges between the two countries.

    He noted that transit of Iran's electricity to Russia was also
    discussed in the meeting.

    The Iranian minister stated that based on the existing agreements,
    Iran's electricity will be transmitted to Russia through Armenia,
    Azerbaijan and Georgia.

    Iran has bartered more than 1.5 billion cubic meters of gas with
    Armenia's electricity over the past six years.

    The National Iranian Gas Company said recently that around 1.5 billion
    cubic meters of natural gas has been traded with Armenian electricity
    during the 2007-2012 period.

    Last year, the Islamic Republic exchanged some 481 million cubic meters
    of gas with the neighboring country's electricity, the largest amount
    of barter between Iran and Armenia in six years.

    ASH/KA/

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