• Samba 65 00% 56.65%
    Joga2002 635.254 50% 63.63%
    Bra52 69 23.145% -63.25%
    Joga2002 635.254 50% 63.63%
  • HangSang20 370 400% -20%
    NasDaq4 33 00% 36%
    S&P5002 60 50% 10%
    HangSang20 370 400% -20%
    Dow17 56.23 41.89% -2.635%

EghtesadOnline: The managing director of Yerevan thermal power plant stressed Armenia’s intention to increase their electricity export to Iran and called for an increase in importing natural gas from Iran.

Sassan Khachaturian said his country is ready to export more electricity to Iran in the summer, and called for more gas import from Iran in the cold months.

According to IRNA, the head of the National Iranian Gas Exports Company (NIGEC) Ali Amiraani said in the meeting that expanding gas collaboration with Armenia is Iran’s will, too,.

He expressed hope to sign a new contract with Armenia to start a multi-faceted collaboration with Yerevan.

The two sides hoped in the meeting that, with building the third electricity transmission line, the grounds for gas trade-off multiplies.

They also agreed to hold the next meeting in Tehran to discuss technical issues and sign related agreements. 

According to the bilateral agreement, the third transmission line will be built by the end of 2018. The line will increase electricity transfer to Iran between 350 and 1,000 megawatts. The line also makes it possible for southern and central areas of Armenia to have better access to electricity. 

This plan, which is worth $107m, is part of the quadrilateral project between Iran, Armenia, Russia, and Georgia.

Iran-Armenia trade Iran natural gas Armenia electricity