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Armenia To Sell Electricity To Turkey Starting From 2009

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  • Armenia To Sell Electricity To Turkey Starting From 2009

    ARMENIA TO SELL ELECTRICITY TO TURKEY STARTING FROM 2009

    Noyan Tapan
    http://www.nt.am/news.php?shownews=117292
    Se p 11, 2008

    YEREVAN, SEPTEMBER 11, NOYAN TAPAN. Starting from 2009, Armenia will
    sell electricity to Turkey. According to Azg daily, the Armenian
    minister of energy and natural resources Armen Movsisian announced
    this during a briefing with reporters. He said that discussions
    on this issue were held during the visit of the Turkish president
    to Armenia at the invitation of the Armenian president. During the
    meetings, an agreement was also signed between the ministry and Unit
    company (Turkey) which is engaged in the import and distribution
    of electricity in Turkey. Besides, an agreement was signed between
    High-Voltage Electric Networks of Armenia and Unit on the direct
    export of electricity from Armenia through Kars. The date of starting
    the electricity export depends on the Turkish side. The price of
    electricity to be exported will be calculated by a special formula
    based on the price of gas. In the words of A. Movsisian, this price
    will be economically efficient and well-founded: by rough estimates,
    1 kw will cost 5.7 cents. It was mentioned that Armenia last supplied
    electricity to Turkey in the Soviet time.
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