Synchronization with Azerbaijan's power grid will give Armenia opportunity to increase electricity exports, says Prime Minister
YEREVAN, January 29. /ARКА/. The synchronization of Armenia's and Azerbaijan's power grids will enable Armenia to tap into new electricity export markets and enhance supply volumes, Armenian Prime Minister Nikol Pashinyan said today.
"Azerbaijan possesses a surplus of generated electricity, and Armenia too has an excess. Thus, our region holds considerable potential for engaging with international markets," Pashinyan remarked during a press briefing.
The Prime Minister elaborated on the mutual interests that Armenia and Azerbaijan share in this regard.
"The interest lies in leveraging Azerbaijan's power grid to access broader export markets. Conversely, Azerbaijan is equally interested in this—following the same rationale, particularly in the context of facilitating power flows with its exclave Nakhchivan. Our energy system is already linked to Georgia and Iran, and I believe it would be prudent to extend this connectivity to Turkey and Azerbaijan as well," Pashinyan expressed.
He indicated that the interconnection of these networks would enhance Armenia's and the region's capacity to export electricity, including, if necessary, through collaborative deliveries to foreign markets.
"By interlinking the networks, we will at the very least generate revenue from transit through Armenia. Naturally, we are keen on boosting both state and non-state revenues. Furthermore, energy projects are also anticipated within the TRIPP framework. This poses no threat to the Republic of Armenia; rather, it signifies new opportunities and additional revenues," the Prime Minister elucidated.
Pashinyan also addressed the topic of energy security.
"The principles we primarily relied upon proved to be ineffective during 2020-2023. One of the cornerstones of security is interconnectivity. As goods begin to flow from Armenia to international markets and these flows gain significance, this will serve as a fundamental guarantee of security," he asserted.
According to him, in this case, superpowers and major markets will have an additional interest in ensuring that communication routes operate in a secure, stable, and predictable environment.
"There is essentially no more reliable guarantee of security," the prime minister emphasized.-0-
