Russia and Iran are negotiating on constructing power transmission line via territories of Armenia and Azerbaijan

ArmInfo. Russia and Iran are negotiating on constructing a power transmission line via territories of Armenia and Azerbaijan, RIA Novosti reports citing Russian Minister of Energy Aleksandr Novak. The Minister has also announced about reaching an agreement on construction of a thermal power plant with a capacity of 1400 MW. "The contract of TPP construction will be signed in the nearest future the implementation of the project will start as soon as possible", Novak said.  As the source in the Ministry of Energy in Iran informed the final agreement on construction of TPP will be signed this week.

To recall, on December 23, 2015 a four-sided memorandum of understanding was signed in Yerevan by Armenia, Georgia, Iran and Russia. The document envisages increasing the level of operation of electricity exchange, security and reliability of energy systems.

According to Armenia's Ministry of Energy the environment for cooperation is favorable as energy systems of the four countries work in parallel-synchronized regime. Particularly, a power transmission line between Armenia and Georgia with a capacity of 400-500KW will be put to exploitation till 2018.  As a result parallel work with Georgia's electricity system in asynchronous running and ensuring of power exchange of 350MW will become possible in the first stage, which will increase to 700 MW till 2021. In the end of 2018 400 KW transmission line between Armenia and Iran is planned to put into exploitation, which will increase the electricity exchange between the two countries to 1200MW.  The aim of implementation of these projects is creating South-North corridor that will allow working with the electric energy systems of EEC and EU.