ARMENIA TO BEGIN DIRECT POWER DELIVERIES TO TURKEY IN 2009

Interfax
Sept 10 2008
Russia

Armenia will begin direct electricity deliveries to Turkey in 2009,
Armenian Energy and Natural Resources Minister Armen Movsisian told
journalists on Wednesday.

This agreement was reached during the recent visit of Turkish President
Abdullah Gul to Yerevan at the invitation of Armenian President Serzh
Sargsyan, Movsisian said.

High Voltage Power Lines of Armenia and Turkey's private company
Unit signed a contract on electricity deliveries during Gul's visit
to Armenia.

In line with the agreement, the Turkish side will have to restore
damaged portions of high voltage power lines on its territory within
four or five months and set up new transformers and after this the
country will be ready to receive electricity from Armenia. There are
no technical problems on the Armenian side, the minister said.

According to preliminary agreements, Armenia will deliver 1.5 billion
kilowatts of energy per year to Turkey at the initial stage. It is
planned to increase the amount of supplied power up to 3.5 billion
kilowatts per year. Power generated at Armenian thermal plants will
be shipped to Turkey, the minister said.

Armenia's export price for Turkey will be $0.057 per one kilowatt per
hour of energy, the minister said, noting that the price will change
in the future.

From: Emil Lazarian | Ararat NewsPress