Iran, Armenia sign big electricity contract

TEHRAN, Aug. 12 (MNA) – Iran and Armenia inked the contract of constructing the third line of electricity transmission to Armenia today.

Having a worth of over 107 million euros, the strategic contract which is scheduled to be completed in 24 months was signed between Iran's SUNIR and Armenia High Voltage Electricity Network (HVEN) and is expected to increase electricity exchanges more than three times.

Providing the equipment, construction, installation, and launching of this 275-long electricity line is planned to be operated by Iranian contractor.

About 70 percent of the financial resource of this project is supported by Export Development Bank of Iran, while the rest is provided by Iran Power & Water Equipment and Services Export Company (SUNIR).

The project, further, connects Iran's electricity network to that of Georgia and Russia which makes it possible for Iran to generate and transit electricity to Caucasus countries . 

News Code 109189

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