Tuesday, November 8 2016 15:22
Alexandr Avanesov

Deputy Minister: Project of construction of Iran-Armenia high-voltage power transmission line should be implemented in 2019

Deputy Minister: Project of construction of Iran-Armenia high-voltage  power transmission line should be implemented in 2019

ArmInfo. The project of  construction of the Iran-Armenia high-voltage power transmission line  should be implemented in 2019, Armenian Deputy Minister of Energy  Infrastructures and Natural Resources of Armenia Hayk Harutyunyan has  told ArmInfo.  

He says that the project should be synchronized with the project of  construction of the Armenia-Georgia power transmission line, which  will allow creating a single 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. The deputy minister points out that there are some problems  connected with weather conditions and acquisition of land plots for  the power transmission line, which needs a permit from the  communities. Moreover, each community has its own peculiarities. 

Earlier ArmInfo reported that Armenia intends to create a regional  electric power market with its partners in the region.  Armenian  Deputy Minister of Energy Infrastructures and Natural Resources Areg  Galstyan said in Parliament on October 26 that the need to create  conditions for effective parallel activities of the power grids of  Iran, Georgia, Armenia and Russia.  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 a 400KV Iran-Armenia  power transmission line. The relevant decision was taken during the  Government's meeting on April 28. The permit was provided under the  memorandum signed between Armenia and Iran in May 2006. 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  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. 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).


News
Proceeds of Armenia`s trade sector $5.2bln in Jan-Oct 2021Proceeds of Armenia`s trade sector $5.2bln in Jan-Oct 2021
4.1% increase in proceeds of Armenia`s communication sector in  Jan-Oct 2021 4.1% increase in proceeds of Armenia`s communication sector in  Jan-Oct 2021 
Double-digit growth in alcoholic beverages output in ArmeniaDouble-digit growth in alcoholic beverages output in Armenia
Revenues of Armenia`s textile industry more than doubled in 10 monthsRevenues of Armenia`s textile industry more than doubled in 10 months
Electricity generation in Armenia decreased by 3.1% in 10 monthsElectricity generation in Armenia decreased by 3.1% in 10 months
Armenia`s metallurgy industry accelerates growthArmenia`s metallurgy industry accelerates growth
HSBC Armenia Named Best Cash Management Bank by 2021 Euromoney Cash Management SurveyHSBC Armenia Named Best Cash Management Bank by 2021 Euromoney Cash Management Survey
Production volumes of aluminum foil in Armenia decreased by 5% per  annum in 10 monthsProduction volumes of aluminum foil in Armenia decreased by 5% per  annum in 10 months
Informed means protected: IDBankInformed means protected: IDBank
Industrial production growth accelerated due to revitalization of  manufacturing industryIndustrial production growth accelerated due to revitalization of  manufacturing industry
Armenia is negotiating for export of Armenia is negotiating for export of "Sputnik Light" vaccine to  countries of Middle East and Africa
Russia and China are Armenia`s leading trade partners in both export  and importRussia and China are Armenia`s leading trade partners in both export  and import
Growth of Armenia`s foreign trade turnover significantly exceeds  pre-COVID ratesGrowth of Armenia`s foreign trade turnover significantly exceeds  pre-COVID rates
Regular container trains start to run from China to GeorgiaRegular container trains start to run from China to Georgia
MP: Armenian authorities directed expensive borrowed funds to curb  devaluation of dram MP: Armenian authorities directed expensive borrowed funds to curb  devaluation of dram 
Opposition MP: The optimism underlying the draft state budget of  Armenia for 2022 is a purely political trickOpposition MP: The optimism underlying the draft state budget of  Armenia for 2022 is a purely political trick
Armenia`s economic activity recovers very slowlyArmenia`s economic activity recovers very slowly
Artur Khachatryan: Armenia faces an infrastructure trapArtur Khachatryan: Armenia faces an infrastructure trap
9.6% annual inflation in Armenia in Nov. 20219.6% annual inflation in Armenia in Nov. 2021
Belarus is interested in strengthening cooperation with Armenia in  field of high technologiesBelarus is interested in strengthening cooperation with Armenia in  field of high technologies
GITC, IBM to implement artificial intelligence education programme GITC, IBM to implement artificial intelligence education programme 
Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  Japanese government to provide grants for implementation of 2  programs in Armavir and Lori regions  
Armenia`s developers to submit documents online soonArmenia`s developers to submit documents online soon
Armenia`s vice-premier calls for larger share of national currencies  in EAEU tradeArmenia`s vice-premier calls for larger share of national currencies  in EAEU trade
EDB to intensify work in ArmeniaEDB to intensify work in Armenia
Ardshinbank named the Best Bank of the Year by The Banker international magazineArdshinbank named the Best Bank of the Year by The Banker international magazine
EDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridorsEDB analysts have no assessment of economic benefits that Armenia  will receive from unblocking of regional transport corridors
Greenhouse for growing roses to be built in Aragatsotn region of  ArmeniaGreenhouse for growing roses to be built in Aragatsotn region of  Armenia
Gnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programsGnel Sanosyan: Unfortunately, there have been cases of revealing  design and construction flaws during implementation of subvention  programs
Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods Armenian entrepreneurs appealed to PM to extend embargo on import of  Turkish goods 
EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026EDB Analyst: Armenia`s public debt level will remain above  pre-pandemic level until 2026
EDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridorEDB ready to provide loan for construction of Meridian highway of  Europe-Western China transport corridor
IFC ready to participate in reforms in Armenia IFC ready to participate in reforms in Armenia 
42% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 202142% year-on-year growth in net private money transfers to Armenia in  Jan-Oct 2021
Armenia Securities Exchange  introduced corporate bond exchange  indices for the first time in regionArmenia Securities Exchange  introduced corporate bond exchange  indices for the first time in region
6.3% rise in real estate prices in Armenia`s capital this Oct6.3% rise in real estate prices in Armenia`s capital this Oct
Central Bank of Armenia joins Sustainable Banking and Financial  NetworkCentral Bank of Armenia joins Sustainable Banking and Financial  Network
EDB formulates idea of  Eurasian transport frameworkEDB formulates idea of  Eurasian transport framework
Tigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sectorTigran Balayan presented Armenia`s investment opportunities to  representatives of Dutch business sector
Global businesses set to battle for talent as hiring plans fuel growth ambitionsGlobal businesses set to battle for talent as hiring plans fuel growth ambitions
Armenia`s gross international reserves increased by 38.2% per annum  by November 2021Armenia`s gross international reserves increased by 38.2% per annum  by November 2021
Vahan Kerobyan will take part in Second Eurasian Congress in MoscowVahan Kerobyan will take part in Second Eurasian Congress in Moscow
Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021Statistics: Armenia`s GDP increased by 11.1% per annum in 9 months of  2021
New power plant of 254 MWe launched in YerevanNew power plant of 254 MWe launched in Yerevan
As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%As of November 20, 2021, tax collection in Armenia exceeded  pre-crisis index of 2019 by 4.5%
Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry Association of Restaurateurs reacted negatively to new decision of RA  Health Ministry 
ANIF, Masdar company discuss Ayg-1 project ANIF, Masdar company discuss Ayg-1 project 
Unpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDBUnpredictable pandemic situation, steadily high inflation remain major risks to scenario of Armenia`s  economic development - EDB
US$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in ArmeniaUS$30m OPEC Fund loan to Ameriabank to promote sustainable energy and support small businesses in Armenia
One Success Story: Trimming the SpiritsOne Success Story: Trimming the Spirits
EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022EDB projects 2.9% growth in aggregate GDP of Bank`s member states in  2022
Representatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exportersRepresentatives of Trade Mission of RF and EFSD discuss financing of  investment projects in Armenia and support for Russian exporters
4.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 20214.3% year-on-year increase in economic activity in Armenia in  Jan-Oct, 2021
New operator of Meghri FEZ plans to build a food packaging plantNew operator of Meghri FEZ plans to build a food packaging plant
Government subsidies to Syunik region reached 1.1 billion drams Government subsidies to Syunik region reached 1.1 billion drams 
Armenian authorities consider building three more bypass roads in  Syunik regionArmenian authorities consider building three more bypass roads in  Syunik region
Armenian government approves signing of Agreement on navigation seals  in EAEUArmenian government approves signing of Agreement on navigation seals  in EAEU
Contract for Kaps reservoir construction put out to tenderContract for Kaps reservoir construction put out to tender
VPOS number steadily increasing in Armenia  VPOS number steadily increasing in Armenia  
Non-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passedNon-cash plastic transactions continue to gain momentum; 30%  threshold in total volume has already been passed
Read more


Exchange rates
07.12.2021
RUB6.62-0.04
USD492.411.38
EUR555.140.37
GBP652.791.73
CAD387.574.04
JPY43.32-0.05
CNY77.260.18
CHF533.200.80