New power line from Iran to Armenia, Georgia due to EuropeDecember 10, 2011 - 10:43 AMT PanARMENIAN.Net - Senior Iranian energy officials said a new power line from Iran to Armenia and Georgia is due to send Iran's electricity through to Europe. According to Fars news agency, the completion of a 230 KW electric cable from Iran to Armenia will provide the possibility of connecting Iran's and Georgia's electricity network, whilst increasing the overall capacity to trade energy with Iran's neighbors to 400 KW, Iran's Deputy Energy Minister Mohammad Behzad said. Currently Georgia's electricity is routed through Azerbaijan. Armenia's Energy Minister welcomed the project last week and said it would triple the electricity exchanged between Armenia and Georgia. Iran and Azerbaijan are currently discussing a project to connect Iran's electricity network to Russia while talks are also under way with Turkey to connect Iran's grid to Lebanon in addition to plans to connect its network to Persian Gulf countries. If these talks are successful, Iran will be a strong electricity hub in the region. Turkmenistan, Turkey, Iraq, Afghanistan and Pakistan will all buy electricity from Iran. Iran's capacity to export electricity has increased 24 per cent since the implementation of its targeted subsidies program and is expected to earn $1 billion by the end of this year (Iran's solar year ends in March). 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 | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |