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Agreement On Armenian Electricity Supplies To Turkey Enters Into For

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  • Agreement On Armenian Electricity Supplies To Turkey Enters Into For

    AGREEMENT ON ARMENIAN ELECTRICITY SUPPLIES TO TURKEY ENTERS INTO FORCE

    ARKA
    Sep 24, 2008

    YEREVAN, September 24. /ARKA/. The agreement on Armenian electricity
    supplies to Turkey has entered into force, said RA Minister of Energy
    and Natural Resources Armen Movsisyan. Armenia will start supplying
    Turkey with electricity next year.

    The agreement was signed between the RA Ministry of Energy and Natural
    Resources, the High Voltage Lines state-owned company and the Turkish
    electricity supplier UNIT.

    At the initial stage Armenia will annually supply Turkey with 1.5bln
    kWh of electricity, bringing annual supplies up to 3.5bln kWh.

    Movsisyan shot down the rumors spread by Turkish mass media that the
    Turkey's State Energy Committee said it would stop supporting the
    companies that had agreed with Armenia on electricity supplies.

    "The agreement is effective and both parties try to fulfill the
    obligations of the contract," the minister said.

    The Turkish UNIT will be the importer of Armenian electricity to
    Turkey.

    Movsisyan said the company has affiliates in many countries and is
    famous among European electricity importers.

    From: Emil Lazarian | Ararat NewsPress
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