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NEWS » Economy » Armenia, turkey negotiating power supply volume
Economy

Armenia, turkey negotiating power supply volume

22.05.2009, 00:30
Armenia and Turkey are negotiating an increase in the volume of expected power supply to Turkey from Armenia. RA Minister of Energy and Natural Resources Armen Movsisyan reported that Armenia was to start supplying electric power to Turkey this spring.

YEREVAN, May 21. /ARKA/. Armenia and Turkey are negotiating an increase in the volume of expected power supply to Turkey from Armenia. RA Minister of Energy and Natural Resources Armen Movsisyan reported that Armenia was to start supplying electric power to Turkey this spring. A relevant agreement was signed on September 4, 2008, by the RA Ministry of Energy and Natural Resources, High-Voltage Networks Company and UNIT Company (Belgium), which imports and distributes high-voltage power in Turkey.

The Minister said that Armenia continues the work to ensure the supply of electric power to Turkey, resolving technical problems. He expressed the confidence that Armenia will soon start supplying power to Turkey because active work is in progress.

The Turkish side has made serious investments in the project to meet technical requirements and purchased capital equipment, which proves its intention to guarantee power supply, Movsisyan said.

The Minister said that the Turkish side is unlikely to cancel the agreement. He pointed out that “all the trends have so far been positive”.

Without citing any figures, Movsisyan pointed out that they will exceed the ones indicated in the tentative agreement.

As regards the construction of a nuclear-power station in Turkey, Movsisyan believes that it will not cause any changes in that country’s plans to import electric power from Armenia because that is a long-term project, and the new station is not supposed to satisfy the energy needs of Turkey’s developing economy.
Under a tentative agreement, Armenia is to start supplying 1.5bln kwh a year to Turkey and bring the volume of supply up to 3.5bln kwh during the following years.

The initially set price was US $57 for 1MW, but the final price will be adjusted to the recent changes in the gas prices and finally set terms of supply. P.T. –0--
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