Thursday, December 29 2016 18:15
Alexandr Avanesov

Construction of Armenia-Georgia Power Transmission Line to launch in 2017

Construction of Armenia-Georgia Power Transmission Line to launch in  2017

ArmInfo. Construction of  Armenia-Georgia Power Transmission Line will launch in 2017, Deputy  Minister of Energy Infrastructures and Natural Resources of Armenia  Hayk Harutyunyan stated at the Facebook press conference summing up  the results of 2016.  Due to program implementation the amount of  mutual flows of electricity will be increased to 350 MW on the first  stage and to 700MW on the second stage. Construction of the third  Iran-Armenia power transmission line has already launched, due to  which mutual interflows of electricity will be increased  several-fold. Due to new energy corridor Armenia will be able to  increase amounts of export of electricity 3-fold. To note,  Iran-Armenia transmission line construction project will be aligned  with the program of constructing Armenia-Georgia line, which will  allow creating a common energy corridor. 

The project envisages installation of 722 electric poles. Almost all  the sections through which the power transmission line will be laid  have already been bought out. The equipment imported to Armenia has  already been tested. Armenia intends to create a regional electric  power market with its partners in the region. The construction of  Iran- Armenia   and Armenia-Georgia high voltage power transmission  lines will create all the necessary prerequisites for that. 

Both projects will be implemented by the end of 2019. At the same  time, Georgia is negotiating with Russia on construction of a new  500KV power transmission line and substations, which will enable not  only reciprocal cross-flows of electric power, but also commercial  deals. At the moment, a coordination group at the level of deputy  ministers of the four countries is actively working to launch the  projects. By late 2019 the 1 thsd MW North-South energy corridor will  operate at full capacity. He stressed that Armenia will both  economically and politically benefit even from electric power  transit.  

To note, SUNIR (Iran) has received official permit to build  Iran-Armenia power transmission line. The construction was launched  in 2012, however because of sanctions against Iran and lack of  necessary financial funds construction was delayed. As of today  construction work amounted to $1.43 mln has been done. And only from  September 2015 construction restarted. Equipment to the value of  $1.337 mln was imported including voltage transformers. The total  cost of the project is 107.9 mln EUR. The Iranian Bank will provide  77% of the amount, with the remaining 23% to be provided by the  general contractor - SUNIR. To recall, the Armenian Ministry of  Energy and Natural Resources and the Export Development Bank of Iran  signed the agreement on construction of 400KV Iran-Armenia power  transmission line in August 2015. The total length will be 279km. The  line will be laid from Meghri to Hrazdan, where a 440/220KV  substation will be built 10 km away from the Hrazdan TPP. From the  latter a new 400KV power transmission line will be laid to Georgia  under another project (at the expense of a KfW loan with co-  financing of EIB and the EU. The total financing will be 105.2 mln  EUR).

POST A COMMENT
Input digits     


News
Ardshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazineArdshinbank recognized as “Bank of the Year” in Armenia for the fifth time by The Banker magazine
In 2025, improving public sector attractiveness and competitiveness   to cost  state treasury  additional $9 millionIn 2025, improving public sector attractiveness and competitiveness   to cost  state treasury  additional $9 million
Acba bank and France’s Proparco to continue strengthening their long-term strategic partnershipAcba bank and France’s Proparco to continue strengthening their long-term strategic partnership
Strengthening cybersecurity and protecting digital environment  continue to be among RA government`s priorities Strengthening cybersecurity and protecting digital environment  continue to be among RA government`s priorities 
Armenia intends to receive EUR 100mln credit line from FARArmenia intends to receive EUR 100mln credit line from FAR
Armenia to redistribute unused electric vehicle import quotas -  ministerArmenia to redistribute unused electric vehicle import quotas -  minister
Armenian Cabinet approves Free Trade Agreement between Eurasian  Economic Union and Indonesia.Armenian Cabinet approves Free Trade Agreement between Eurasian  Economic Union and Indonesia.
Ardshinbank and Visa are running a cashback campaign for their cardholders ahead of the New YearArdshinbank and Visa are running a cashback campaign for their cardholders ahead of the New Year
Armenia amends loan agreement with FDA to receive funds as early as  2025Armenia amends loan agreement with FDA to receive funds as early as  2025
 Armenian Card reports: Currently, due to technical issues with  Armenia`s internet channels, online transactions are not being  certified Armenian Card reports: Currently, due to technical issues with  Armenia`s internet channels, online transactions are not being  certified
RA ambassador to U.S. visits 6th Energy Innovation and AI forum 2025RA ambassador to U.S. visits 6th Energy Innovation and AI forum 2025
Development of small aviation  one of Armenian government`s  priorities - PashinyanDevelopment of small aviation  one of Armenian government`s  priorities - Pashinyan
RA Finance Minister: Armenia can repay public debt in 1.5 yearsRA Finance Minister: Armenia can repay public debt in 1.5 years
Arsen Torosyan: Raising the minimum wage has fiscal consequencesArsen Torosyan: Raising the minimum wage has fiscal consequences
Economy Minister: One of  directions for accelerated economic  development in Armenia by 2031 could be consolidation of all  micro-strategies into six major onesEconomy Minister: One of  directions for accelerated economic  development in Armenia by 2031 could be consolidation of all  micro-strategies into six major ones
Team Holding announces launch of bond placementTeam Holding announces launch of bond placement
AraratBank Joins Armenia`s New Greening Initiative: 100 Hectares of New Forest within Three YearsAraratBank Joins Armenia`s New Greening Initiative: 100 Hectares of New Forest within Three Years
FLYONE ARMENIA airline to launch Yerevan-Vienna-Yerevan flights next  April FLYONE ARMENIA airline to launch Yerevan-Vienna-Yerevan flights next  April 
Poverty does exist in Armenia, but government taking steps to  eradicate extreme poverty - premier Poverty does exist in Armenia, but government taking steps to  eradicate extreme poverty - premier 
Positive trend of high tax revenue growth in Armenia Positive trend of high tax revenue growth in Armenia 
Meeting with FAO delegation at RA Ministry of Economy Meeting with FAO delegation at RA Ministry of Economy 
Election promises kept - premier Election promises kept - premier 
Armenia, U.S. agree to launch joint initiatives to deepen bilateral  economic cooperationArmenia, U.S. agree to launch joint initiatives to deepen bilateral  economic cooperation
Expert critical of compulsory medical insurance Expert critical of compulsory medical insurance 
Textile Industry Operator  established in ArmeniaTextile Industry Operator  established in Armenia
Kaja Kallas: EU to provide Armenia with 15 million euros to  strengthen resilienceKaja Kallas: EU to provide Armenia with 15 million euros to  strengthen resilience
Armenia, Latvia to strengthen cooperation in several areas of  technologyArmenia, Latvia to strengthen cooperation in several areas of  technology
Edmon Marukyan to Marta Kos: If you really want to help, then support  us in constructing a new nuclear power plantEdmon Marukyan to Marta Kos: If you really want to help, then support  us in constructing a new nuclear power plant
Maintenance of NPP turbogenerators completed ahead of schedule Maintenance of NPP turbogenerators completed ahead of schedule 
Armenian NPP to continue cooperation with Chinese partners Armenian NPP to continue cooperation with Chinese partners 
S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.
No import quota for electric cars in Armenia as of Nov 2, 2025 -  minister No import quota for electric cars in Armenia as of Nov 2, 2025 -  minister 
Armenian economy minister presents TRIP program in Vayots DzorArmenian economy minister presents TRIP program in Vayots Dzor
Head of RA State Revenue Committee participating in 9th High-Level  Meeting of Asian InitiativeHead of RA State Revenue Committee participating in 9th High-Level  Meeting of Asian Initiative
Euromoney Names Ameriabank Armenia’s Best Bank for Real Estate for the Second Year in a RowEuromoney Names Ameriabank Armenia’s Best Bank for Real Estate for the Second Year in a Row
RA ambassador to U.S., Trump Administration officials discuss  expansion of bilateral economic cooperation RA ambassador to U.S., Trump Administration officials discuss  expansion of bilateral economic cooperation 
S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.S&P Global Ratings has assigned IDBank CJSC a long-term rating of “BB-” and a short-term rating of “B” with a “stable” prospect.
EDB: Armenia`s economic growth projected to remain high through 2025EDB: Armenia`s economic growth projected to remain high through 2025
Armenian Finance Minister emphasizes importance of ensuring tax  system predictabilityArmenian Finance Minister emphasizes importance of ensuring tax  system predictability
Armenia, Iraq to sign memorandum of cooperation in tourismArmenia, Iraq to sign memorandum of cooperation in tourism
Tourism cluster development program to be discussed with government  officials in Vayots DzorTourism cluster development program to be discussed with government  officials in Vayots Dzor
Possible re-operation of Kars-Gyumri railway line discussed in  IstanbulPossible re-operation of Kars-Gyumri railway line discussed in  Istanbul
Armenia`s Cabinet to adopt economic policy doctrine at its first  meeting - premier Armenia`s Cabinet to adopt economic policy doctrine at its first  meeting - premier 
Airbus A320s`software updated, all flights on schedule - Wizz AirAirbus A320s`software updated, all flights on schedule - Wizz Air
FLYONE ARMENIA invested $70 million in acquisition of three AIRBUS  A320 aircraftFLYONE ARMENIA invested $70 million in acquisition of three AIRBUS  A320 aircraft
Armenia, Greece  interested in developing cooperation in high  technologyArmenia, Greece  interested in developing cooperation in high  technology
Ruben Simonyan: Armenia and Turkmenistan have significant potential  for further developing cooperation in several areasRuben Simonyan: Armenia and Turkmenistan have significant potential  for further developing cooperation in several areas
From November 24 to 28, 2025, dollar transactions  decreased, while  ruble transactions rose  in Armenia`s interbank foreign exchange  marketFrom November 24 to 28, 2025, dollar transactions  decreased, while  ruble transactions rose  in Armenia`s interbank foreign exchange  market
Armenian Economy Minister participates in Global Zero Waste Forum in  IstanbulArmenian Economy Minister participates in Global Zero Waste Forum in  Istanbul
INLIMA: Armenia launches  major program aimed at developing breeding  livestock and improving pasture routesINLIMA: Armenia launches  major program aimed at developing breeding  livestock and improving pasture routes
AraratBank Joins Social Impact Award 2025 Summit in LjubljanaAraratBank Joins Social Impact Award 2025 Summit in Ljubljana
Armenia supports strengthening Trans-Caspian International Transport  Route platform, minister saysArmenia supports strengthening Trans-Caspian International Transport  Route platform, minister says
RA SRC discusses implementation of effective tax administration in  jewelry industryRA SRC discusses implementation of effective tax administration in  jewelry industry
IDBank Announces 50 Scholarships for a Three-Day Financial Literacy Training CourseIDBank Announces 50 Scholarships for a Three-Day Financial Literacy Training Course
For Investor`s Day, Ameriabank organized discussion on specifics of  Armenia`s pension systemFor Investor`s Day, Ameriabank organized discussion on specifics of  Armenia`s pension system
Armenia`s government approves decision to raise cashback for  pensioners and individuals receiving non- cash benefits from 12% to  20%Armenia`s government approves decision to raise cashback for  pensioners and individuals receiving non- cash benefits from 12% to  20%
Luys Foundation: Excluding main effects of re-exports, it can be  concluded that issues continue to persist in Armenia`s export sectorLuys Foundation: Excluding main effects of re-exports, it can be  concluded that issues continue to persist in Armenia`s export sector
European Commissioner: Armenia plays significant  role in EU`s  connectivity agenda European Commissioner: Armenia plays significant  role in EU`s  connectivity agenda 
Armenia, World Bank to expand cooperation in digitalization and  cybersecurityArmenia, World Bank to expand cooperation in digitalization and  cybersecurity
Armenia- Kazakhstan  relations  elevated to strategic partnership -  PashinyanArmenia- Kazakhstan  relations  elevated to strategic partnership -  Pashinyan
Read more
Exchange rates
03.12.2025
RUB4.900.00
USD381.20-0.04
EUR444.442.01
GBP506.233.26
CAD273.341.16
JPY24.520.09
CNY53.960.03
CHF476.022.43