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Iran, Armenia ink MoU on electricity cooperation

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  • Iran, Armenia ink MoU on electricity cooperation

    Al-Bawaba, Jordan
    June 12 2005

    Iran, Armenia ink MoU on electricity cooperation

    Posted: 12-06-2005 , 09:50 GMT

    Iran and Armenia signed a memorandum of understanding (MoU) in Tehran
    Saturday to boost bilateral cooperation in the field of electricity.

    The MoU was signed by Iran's Energy Minister Habibollah Bitaraf and
    his Armenian counterpart Armen Movsisyan.

    Under the MoU, Iran and Armenia reached consensus to implement the
    third 400-kw two-circuit transmission line project, valued at 90
    million dollars, <i>IRNA</i> reported.

    The two countries are also slated to implement the second phase of
    the Iran-Armenia pipeline project, worth 130 million dollars and the
    complementary project of the fifth unit of the Hrazdan thermal power
    plant.

    Under the framework of the agreement, Iranian companies of the Iran
    Power Plant Projects Management Company (MAPNA) and Sanir are due to
    add a new unit of gas power plant - capable to be transformed into
    combined cycle - to Armenia. The project is worth 150 million
    dollars.

    Based on the accord, the implementation of the said project should be
    finalized in 2007.
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