Iranian bank to finance construction of 3rd Armenia-Iran transmission lineSeptember 1, 2015 - 18:01 AMT PanARMENIAN.Net - Bank Saderat Iran will finance construction of the third Iran-Armenia power transmission line, worth €107 million, Panorama.am reports citing Iranian sources. According to Executive Director Ali Saleh Abadi, the bank will allocate €83 million to complete the project. The first batch of equipment and machinery necessary for the construction of power transmission line will be delivered to Armenia in the coming days. The 400kV transmission line is planned to be 279 km long. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |