IRAN, ARMENIA AGREE ON 3 POWER PROJECTS

Press TV, Iran
Nov 5 2013

File photo shows power transmission lines between Iran and its
neighbors.

Tue Nov 5, 2013 2:50PM GMT

Iranian Energy Minister Hamid Chitchian and his Armenian counterpart
have signed three agreements for the implementation of joint hydropower
projects.

The agreements were reached in Tehran on Tuesday as Chitchian and
Armenian Minister of Energy and Natural Resources Armen Movsisyan
met to discuss enhancement of mutual cooperation between the two
neighboring countries.

Speaking to reporters on the sidelines of the meeting, Chitchian
pointed to the high level of cooperation between Iran and Armenia in
the electricity and energy sectors and noted that the new agreements
were related to bartering electricity for natural gas, construction
of a new hydroelectric power plant on the border river, Aras, and
further electricity exchanges between the two countries.

He noted that transit of Iran’s electricity to Russia was also
discussed in the meeting.

The Iranian minister stated that based on the existing agreements,
Iran’s electricity will be transmitted to Russia through Armenia,
Azerbaijan and Georgia.

Iran has bartered more than 1.5 billion cubic meters of gas with
Armenia’s electricity over the past six years.

The National Iranian Gas Company said recently that around 1.5 billion
cubic meters of natural gas has been traded with Armenian electricity
during the 2007-2012 period.

Last year, the Islamic Republic exchanged some 481 million cubic meters
of gas with the neighboring country’s electricity, the largest amount
of barter between Iran and Armenia in six years.

ASH/KA/