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Armenia, Iran sign memo on construction of 3rd hi-voltage power line

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  • Armenia, Iran sign memo on construction of 3rd hi-voltage power line

    Armenia, Iran sign memo on construction of third high-voltage power line

    Public Television of Armenia, Yerevan
    2 Dec 04


    [Presenter over video of signing ceremony] The Armenian and Iranian
    energy ministers signed a memorandum in Yerevan today on the
    construction of the third high-voltage power line.

    The second power line connecting the two countries was commissioned on
    30 November [2004]. The third power line is expected to be built in
    two years.

    Armenian Energy Minister Armen Movsisyan said that only this
    [gas-for-electricity] formula currently existed between Armenia and
    Iran. It is envisaged that the construction of the third high-voltage
    power line will cost about 25m dollars. Under the agreement, the
    Iranian gas will be used for producing power on the territory of
    Armenia and its subsequent export to Iran, in proportion of 1
    cu. m. of gas for 1 kW of electricity.

    [Armen Movsisyan, captioned] At present, we do not see any need to
    sell electricity. If there is a problem, we can sell.

    [Iranian Energy Minister Habibollah Bitaraf, captioned, in Persian
    with Armenian voice-over] These lines are of great importance for
    bilateral economic cooperation. The construction of these lines has
    three purposes. First, to create an alternative power source; second,
    to ensure a gas-for-electricity formula; third, to provide Armenia
    with Iran's technical and engineering service and equipment.
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