Iran seeking funds for construction of another joint electric main with Armenia
YEREVAN, June 3. /ARKA/. Iran will find funds for construction of the third Iran-Armenia electric main in the near future to ensure delivery of Armenian electricity to Iran in exchange for gas supplied to Yerevan Heat Power Plant, Armenian deputy minister of energy and natural resources Ara Simonyan said.
The delay in implementation of the project occurred due to the situation around Iran and economic problems, as well as because of the difficulties in transferring money between the two banking systems due to sanctions over Iran, the deputy minister said.
“It looks like both problems are already overcome, and the newly appointed minister of energy Yervand Zakharyan is expected to visit Iran in the next month. We would also like to have a complex discussion about the issue at the meeting of Armenian-Iranian intergovernmental commission’, Simonyan said at a 2013 budget execution hearing in the parliament.
The deputy minister expressed hopes the forthcoming visit will help solve the funding problem. At least, Iran’s willingness to do it is obvious, he said.
Simonyan also said the total cost of the project is 107.9 million euros, including 27.5 million euros to be provided by the Armenian side.
The deputy minister stressed the construction of the third Iran-Armenia electrical transmission line is an important regional cooperation project in energy sector. So is the construction of an electric main toward Georgia, with KfW having provided 75 million euros in loan and a grant worth 2 million for the project, Simonyan said.
The construction of the electric main from Iran to Armenia is implemented by Sanir Iranian company that was granted tax and customs privileges by the Armenian government. The construction will be funded by the Export Development Bank of Iran. –0--