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IRAN SEEKING FUNDS FOR CONSTRUCTION OF ANOTHER JOINT ELECTRIC MAIN WITH ARMENIA
YEREVAN, June 3. /ARKA/. Iran will find funds for construction of
the third Iran-Armenia electric main in the near future to ensure
delivery of Armenian electricity to Iran in exchange for gas supplied
to Yerevan Heat Power Plant, Armenian deputy minister of energy and
natural resources Ara Simonyan said.
The delay in implementation of the project occurred due to the
situation around Iran and economic problems, as well as because of
the difficulties in transferring money between the two banking systems
due to sanctions over Iran, the deputy minister said.
"It looks like both problems are already overcome, and the newly
appointed minister of energy Yervand Zakharyan is expected to visit
Iran in the next month. We would also like to have a complex discussion
about the issue at the meeting of Armenian-Iranian intergovernmental
commission', Simonyan said at a 2013 budget execution hearing in
the parliament.
The deputy minister expressed hopes the forthcoming visit will help
solve the funding problem. At least, Iran's willingness to do it is
obvious, he said.
Simonyan also said the total cost of the project is 107.9 million
euros, including 27.5 million euros to be provided by the Armenian
side.
The deputy minister stressed the construction of the third Iran-Armenia
electrical transmission line is an important regional cooperation
project in energy sector. So is the construction of an electric main
toward Georgia, with KfW having provided 75 million euros in loan
and a grant worth 2 million for the project, Simonyan said.
The construction of the electric main from Iran to Armenia is
implemented by Sanir Iranian company that was granted tax and customs
privileges by the Armenian government. The construction will be funded
by the Export Development Bank of Iran. -0--
- See more at:
http://arka.am/en/news/economy/iran_seeking_funds_for_construction_of_another_joi nt_electric_main_with_armenia/#sthash.Tc6MEiow.dpuf
YEREVAN, June 3. /ARKA/. Iran will find funds for construction of
the third Iran-Armenia electric main in the near future to ensure
delivery of Armenian electricity to Iran in exchange for gas supplied
to Yerevan Heat Power Plant, Armenian deputy minister of energy and
natural resources Ara Simonyan said.
The delay in implementation of the project occurred due to the
situation around Iran and economic problems, as well as because of
the difficulties in transferring money between the two banking systems
due to sanctions over Iran, the deputy minister said.
"It looks like both problems are already overcome, and the newly
appointed minister of energy Yervand Zakharyan is expected to visit
Iran in the next month. We would also like to have a complex discussion
about the issue at the meeting of Armenian-Iranian intergovernmental
commission', Simonyan said at a 2013 budget execution hearing in
the parliament.
The deputy minister expressed hopes the forthcoming visit will help
solve the funding problem. At least, Iran's willingness to do it is
obvious, he said.
Simonyan also said the total cost of the project is 107.9 million
euros, including 27.5 million euros to be provided by the Armenian
side.
The deputy minister stressed the construction of the third Iran-Armenia
electrical transmission line is an important regional cooperation
project in energy sector. So is the construction of an electric main
toward Georgia, with KfW having provided 75 million euros in loan
and a grant worth 2 million for the project, Simonyan said.
The construction of the electric main from Iran to Armenia is
implemented by Sanir Iranian company that was granted tax and customs
privileges by the Armenian government. The construction will be funded
by the Export Development Bank of Iran. -0--
- See more at:
http://arka.am/en/news/economy/iran_seeking_funds_for_construction_of_another_joi nt_electric_main_with_armenia/#sthash.Tc6MEiow.dpuf