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Iran's President to Visit Armenia Tomorrow

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  • Iran's President to Visit Armenia Tomorrow

    Fars News Agency, Iran
    June 5 2011

    Iran's President to Visit Armenia Tomorrow


    TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad is scheduled to
    pay an official visit to Armenia on Monday in a bid to explore avenues
    for the further expansion of ties between the two neighboring states.

    Ahmadinejad's visit will take place in response to his Armenian
    counterpart President Serzh Sargsyan's earlier visit to Tehran in late
    March to attend the International Nowrouz Celebrations.

    Ahmadinejad was last in Armenia in 2007. During the trip, the two
    sides signed four memoranda of understanding and issued a joint
    communiqué on the expansion of bilateral cooperation.

    Iran and Armenia have taken major strides towards promoting mutual
    relations in the past few years. The bilateral trade volume between
    the two states stands at nearly $270 million, a figure that is
    expected to climb in a near future, according to officials.

    Iran and Armenia have expanded cooperation in power and gas swap in
    recent years.

    Iran mainly exports natural gas to Armenia and imports power supplies
    from the Caucasian state through two transfer lines with a total power
    transfer capacity of 220kw/ph at present.

    Last week, Iranian Minister of Energy Majid Namjou announced that the
    two countries would increase swap of electricity once the third power
    transmission line is completed.

    "The construction phase of the third power transmission line between
    the two countries will start in the next two weeks," Namjou told
    reporters on the sidelines of a meeting with Armenian Energy and
    Natural Resources Minister Armen Movsisian.

    He added the new line will bring the volume of power exchange between
    the two countries from the current 300mw to 500-800 mw.

    The minister said that over $110million of funding is needed for the
    construction of the new power transmission line.

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