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Iran and Armenia sign MoU on energy cooperation [free access]

July 3, 2019

Iran and Armenia have signed a memorandum of understanding (MoU) to expand economic cooperation between the two countries, at the end of the Iran-Armenia Joint Economic Committee meeting held in Tehran.

 

The MoU focuses on completing the third Iran–Armenia high voltage (HV) line by 2020, thereby increasing Iran’s power exports to Armenia to over 1,000 MW. The project entails the construction of a 275-km-long, 400 kV line from the Hrazdan thermal power plant (TPP) to the town of Meghri on the border with Iran, via a new 400/220 kV Noravan substation in the Gegharkunik region of Armenia. The Armenian section of the power line from the border with Iran to the Noravan substation will be 80-km long, and the section from Noravan to the fifth power unit of the Hrazdan TPP will be 195-km long.

 

The MoU also covers cooperation in diverse vicinities including road and railway transportation, customs, setting up of free trade zones, and industry, mining and trade sectors.

 

On the sidelines, the two countries have also agreed to continue quadruple talks among Iran, Armenia, Georgia and Russia on the subject of power exchange under the North-South electricity corridor agreement.

 

In another development, the Armenian minister held a meeting for evaluating the implementation of the Caucasian transmission network programme, involving the construction of the Armenia–Georgia power line, a new back-to-back station in Ayrum (Armenia) close to the Georgian border, and the 400/220/10 kV Ddmashen (Armenia) substation.