YEREVAN ( Armenpress) — Cooperation gains new momentum in energy sector between Armenia, Iran, Georgia and Russian Federation. Quadripartite meeting between Armenia, Iran, Georgia Energy Ministers and the director of “Russian Network” JSC was held on December 23. The parties signed a memorandum, which will raise the level of mutual energy supplies, energy efficiency systems, security and reliability.

Besides, a number of investment projects of regional importance are being prepared. “The four countries signed a memorandum on cooperation in energy systems. Today there are no opportunities for joint work in these four countries, and this memorandum will provide the mentioned opportunity,” Yervand Zakharian Armenian Minister of Energy and Natural Resources said, as “Armenpress” reports.

He presented the capacity of energy system bandwidth and the planned investment projects on increasing the power. It is planned to put into operation 400/500 kV transmission line between Armenia and Georgia and insert a direct current substation by 2018. Besides, it is planned again to put into operation the Iran-Armenia 400 kV power transmission line in 2018. It will allow to flow up the energy with Iran up to 1200 MW.

According to Yerevan Zakharian, an opportunity is created for countries for exchange electricity supply in the case of accidents, emergencies.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Armenia Artsakh Fund Delivered $15 Million of Aid to Armenia and Artsakh in the Last Five Months

GLENDALE — The Armenia Artsakh Fund (AAF) delivered $15 million of humanitarian assistance to Armenia…

Treasures from the Armenian Patriarchy of Constantinople at Ararat-Eskijian Museum

MISSION HILLS, CA — Ararat-Eskijian Museum, and Armenian Rug Society present two…

Garo Paylan Appeals to Turkey’s Constitutional Court

ANKARA — HDP Istanbul MP Garo Paylan has appealed to the Constitutional…

Pressured by His Armenian Opponent Turkish Origin Candidate Recognizes the Armenian Genocide to Win German Left Party Nomination

HAMBURG, GERMANY — On January 11, 2011, a heated nomination campaign ensued…