Tuesday, February 21 2017 11:12
Alexandr Avanesov

Novak stated the terms of RF-Georgia-Armenia-IRAN energy cooridor TOR finalization

Novak stated the terms of RF-Georgia-Armenia-IRAN energy cooridor TOR finalization

ArmInfo. The terms of Reference for  the  Russia(North- South)-Georgia- Armenia-Iran will be ready in the second half of 2017, Alexander Novak, the head of Energy Ministry said to journalists- RIA Novosti reads. 

 " We have discussed with Iranian Minister of Energy two energy corridors, and one of those is RF- Georgia-Russia-Iran. The terms of Reference for that project is under implementation now, and it will be ready in the second half of this year," Novak said. "The other is related to Azerbaijan. We have dealed that in the middle of march our specialists will meet and discuss the implementation of the project, and the technical conditions for the development of TOR.  The works on North-South project with a capacity of 1,2 gVt started  in December 205. In April 2016 the energy ministers of four countries signed the road map of the project, which assumes the common development of the TOR, as well as the memorandum on mutual understanding in respect to the cooperation in the field of electric energy. The TOR development Agreement was signed in Batumi in September 2016.

As ArmInfo has reported earlier, the construction  of the Iran-Armenia power transmission line is being conducted in accordance with the schedule, Arthur Baghdasaryan, Director General of High Voltage Electric Networks CJSC, said at today's meeting of the Investment Commission headed by Armenian Minister of Energy Infrastructures and Natural Resources Ashot Manukyan.

He said that under the EUR 76 mln project, 672 land plots have been acquired, equipment and constructions weighing a total of 1965 tons have been brought to 60 communities, nearly 100 km of access roads have been built. The project envisages construction of Noravan electric power substation and about 33 mln EUR will be spent on it.  12 hectares of land has been acquired for the project.

Baghdasaryan pointed out that the project of construction of the Armenia-Georgia power transmission line and a converting station is being estimated. The project will be completed in 2019. A tender has been announced to choose the general contractor of the project. 

To note, Fichtner GmbH & Co. KG - the consultant of the Armenia-Georgia power transmission line construction project - has finished the work over preparation of the tender package to choose the general contractor. It is planned to implement the project in three phases, the sources of financing of the first two phases are already known. It is planned to construct the 400 kV transmission line and two substations in Ddmashen and Ayrum under the first two phases of the project, which will allow connecting to Georgian electricity system in non-synchronized regime.  Fichtner GmbH & Co.  KG has assessed the environmental and social impact of the project.  The project aims to link the power grids of Armenia and Georgia and to promote mutually beneficial regional cooperation within the framework of the Iran-Armenia- Georgia- Russia energy corridor. In addition, the project will create prerequisites for synchronous operation of the electric power networks of the CIS member states.

According to FICHTNER, the cost of the project is preliminarily estimated at 326.9 mln EUR. The connection from the Georgian side will be through a 500 kV line from the Marneul substation, and the connection from the Armenian side will be through the 400 kV line from Hrazdan. The first two phases of the project are estimated at 188.2 mln EUR. In 2014-2015 three loan agreements were signed. The German KfW Bank lent 168 mln EUR, and the European Investment Bank lent 10 mln EUR. The European Commission is expected to grant 10 mln EUR. The construction will be launched in early 2017 and will be completed by late 2019. The construction of the Iran-Armenia power transmission line will also be completed in 2019.

POST A COMMENT
Input digits     


News
The Power of One Dram to the Road of Life Charitable OrganizationThe Power of One Dram to the Road of Life Charitable Organization
Ardshinbank CJSC has announced about the launch of a new  refinancing business loanArdshinbank CJSC has announced about the launch of a new refinancing business loan
EAEU agreement on mutual recognition of documents on academic degreesEAEU agreement on mutual recognition of documents on academic degrees
Intellectual property protection of key importance for economic  development and investment environment - premier Intellectual property protection of key importance for economic  development and investment environment - premier 
Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024Armenia`s gross international reserves $3.3bln by end of 1st quarter  2024
Government approves ratification of agreement on determining origin  of goods exported from EAEUGovernment approves ratification of agreement on determining origin  of goods exported from EAEU
FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights FLYONE ARMENIA launches Yerevan-Nice-Yerevan flights 
Armenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support programArmenia requests WB to extend Armenia Extractive Industries Transparency Initiative Support program
Team becomes TUMO`s main technology partner Team becomes TUMO`s main technology partner 
Armenia to allocate over $6 million to host EBRD Annual MeetingArmenia to allocate over $6 million to host EBRD Annual Meeting
Turnover tax doubled in Armenia Turnover tax doubled in Armenia 
Budget programme performance mechanism to be introduced in Armenia Budget programme performance mechanism to be introduced in Armenia 
Expert: Stimulating employment is critical in fight against poverty  in ArmeniaExpert: Stimulating employment is critical in fight against poverty  in Armenia
Armenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current yearArmenian market participants` expectations indicate gradual reduction  of refinancing rate until end of current year
Scientists and economists discuss deepening financial integration in  EAEU at International Conference at RAUScientists and economists discuss deepening financial integration in  EAEU at International Conference at RAU
Renshin to build World Trade Center in YerevanRenshin to build World Trade Center in Yerevan
Armenia`s MIA, ADB discuss disaster risk management engagement  opportunitiesArmenia`s MIA, ADB discuss disaster risk management engagement  opportunities
Acba Bank to start public placement of its next USD, AMD bonds on May  2Acba Bank to start public placement of its next USD, AMD bonds on May  2
Martin Galstyan points out lending activity in Armenia`s banking  system Martin Galstyan points out lending activity in Armenia`s banking  system 
Central Bank Governor: external demand is more restrained than last  yearCentral Bank Governor: external demand is more restrained than last  year
WB approves $116 million for Armenia in support of green, inclusive  and sustainable developmentWB approves $116 million for Armenia in support of green, inclusive  and sustainable development
CBA further reduces refinancing rate to 8.25% from 8.5% CBA further reduces refinancing rate to 8.25% from 8.5% 
Idram and IDBank at Career City FestIdram and IDBank at Career City Fest
Deputy premier: WB is not only donor organization, but also important  partner for ArmeniaDeputy premier: WB is not only donor organization, but also important  partner for Armenia
Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%Cadastre: apartments have risen in price by 12.9% over year in  Yerevan, with purchasesale transactions increasing by 39.8%
Over 10 cases initiated against biometric personal data processorsOver 10 cases initiated against biometric personal data processors
IT companies increased tax payments to state budget by 3.5%IT companies increased tax payments to state budget by 3.5%
High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming High-Tech Minister visits Digitain,  one of leading Armenian  companies in iGaming 
Moscow reacts to gas overtures between Yerevan and Baku Moscow reacts to gas overtures between Yerevan and Baku 
Abgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sourcesAbgar Budaghyan: In 2040-2050, Armenia will be able to independently  meet its energy demand through NPP and renewable energy sources
Expert: Armenia`s energy independence level  is about 27%Expert: Armenia`s energy independence level  is about 27%
Converse Bank bonds were bought in primary market within daysConverse Bank bonds were bought in primary market within days
ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024ACBA Bank tops list of large taxpayers among Armenian banks in Q1  2024
Armenia`s government plans introducing SAFE format Armenia`s government plans introducing SAFE format 
Armenia`s Civil Aviation Committee to render paid servicesArmenia`s Civil Aviation Committee to render paid services
New regulations for fulfillment of tax obligations of organizers  engaged in gaming activitiesNew regulations for fulfillment of tax obligations of organizers  engaged in gaming activities
New tax reporting mechanism to be introduced in Armenia New tax reporting mechanism to be introduced in Armenia 
RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village RA government to return to initial route of laying Armenia-Georgia  power line with construction of electrical substation near Ddmashen  village 
Yerevan ready to discuss purchase of Azerbaijani gas with Baku -  SimonyanYerevan ready to discuss purchase of Azerbaijani gas with Baku -  Simonyan
Taxable jobs 5% up in Armenia Taxable jobs 5% up in Armenia 
Binance and Binance Academy announce large-scale online educational  project Binance and Binance Academy announce large-scale online educational  project "Crypto School"
ArmSwissBank Brings Apple Pay to CustomersArmSwissBank Brings Apple Pay to Customers
Armenia participates in 80th session of UNESCAPArmenia participates in 80th session of UNESCAP
34th session of FAO Regional Conference will take place on May 14-17,  202434th session of FAO Regional Conference will take place on May 14-17,  2024
Armenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources managementArmenian Economy Minister offers Japanese side to expand cooperation  in agriculture and water resources management
Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP Vassilis Maragos assures: All efforts to be made for further EU  assistance to Armenian NPP 
Armenia to study Lithuania`s experience in energy sectorArmenia to study Lithuania`s experience in energy sector
Armenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolioArmenian banks` profit increased by 18.8% per annum in Q1 2024 thanks  to similar growth in loan portfolio
Caring for nature, we have started with ourselves - Team Telecom ArmeniaCaring for nature, we have started with ourselves - Team Telecom Armenia
Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington Delegation of Armenia`s Ministry of Finance hold important meetings  in Washington 
Monitoring of effectiveness of budget programmes to be conducted in  Armenia Monitoring of effectiveness of budget programmes to be conducted in  Armenia 
Up to 10% cashback from GetTransfer with IDBank cardsUp to 10% cashback from GetTransfer with IDBank cards
South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry South Africa expresses interest in developing cooperation with  Armenia in jewelry and cutting industry 
Armenia, UAE discuss possibilities of increasing mutual trade volumesArmenia, UAE discuss possibilities of increasing mutual trade volumes
Yerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientistYerevan is trying to demonstrate to its Anglo-Saxon `bosses` its  readiness to reduce economic cooperation with Iran - political  scientist
KfW stands ready to support Armenian government  in implementation of  new projectsKfW stands ready to support Armenian government  in implementation of  new projects
Cooperation with German Fichtner company discussed Cooperation with German Fichtner company discussed 
Armenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MPArmenia, China can record much greater results both in economic and  political dialogue and cultural cooperation - MP
U.S. capital important for Armenia`s mining industryU.S. capital important for Armenia`s mining industry
Expert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisionsExpert: When there is no trust between private and public sectors,  unfortunately, there is no need to talk about right decisions
Read more


Exchange rates
03.05.2024
RUB4.230.01
USD387.32-0.31
EUR416.101.18
GBP486.401.36
CAD283.521.05
JPY25.300.30
CNY53.49-0.04
CHF426.851.63