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Armenia And Turkey To Sign Electricity Supply Contract

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  • Armenia And Turkey To Sign Electricity Supply Contract

    ARMENIA AND TURKEY TO SIGN ELECTRICITY SUPPLY CONTRACT

    ARKA
    Oct 19, 2009

    YEREVAN, October 19, /ARKA/. Armenian Energy and Natural Resource
    Minister Armen Movsisyan said last Friday the agreement on supply of
    electrical power to Turkey may be signed later this month.

    The preliminary agreement on supply of Armenian power to Turkey was
    made in 2008 September by Armenian High Voltage Electrical Networks
    Company and an Istanbul-based Unity Group dealing with import and
    distribution of power in Turkey. Bu the supply, originally planned to
    kick off in 2009 April, was not started because of political problems.

    The Minister said the signing of Armenian-Turkish protocols have
    given a new push to the plans and a group of senior executives from
    the Turkish energy company will arrive in Yerevan later this month
    for fresh talks on planned exports of Armenian electricity to Turkey.

    He said only power generated in Armenia will be sold to Turkey and
    stressed that the volume of sales will be defined after talks with
    the Turkish company are finalized.

    "We are ready to work with all those companies which will meet our
    requirements. In general we are ready to cooperate with Turkish,
    Iranian Georgian or Azerbaijani companies,' the minister said,
    adding that Turkey wants to import Armenia-generated electricity to
    its eastern regions which lack capacities to produce enough power.

    Movsisyan had earlier estimated the initial volume of planned
    electricity exports to Turkey at 1.5 billion kilowatt/hours a year.

    Armenia's electricity output totaled roughly 6 billion kilowatt/hours
    in 2008.
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