Tuesday, December 10 2019 15:33
David Stepanyan

Forecast: Armenia may face electricity isolation

Forecast: Armenia may face electricity isolation

ArmInfo. Armenia may face electric power isolation. The Director of the Institute for Energy Security, member of the political council of the One Armenia party  Vahe Davtyan expressed a similar opinion to ArmInfo.

"This is a very serious threat, especially given the attraction of  credit funds in the total amount of more than $ 300 million for the  implementation of the Iran-Armenia and Armenia-Georgia electric power  projects. In this light, the project to build high-voltage power  lines connecting our country with Iran, Georgia should be considered  as part of the formation of the Iran-Armenia-Georgia-Russia energy  corridor. A corridor of crucial importance for Armenia's energy  security, "he stressed.

According to Davtyan's estimates, this particular corridor is the key  to Armenia's connection to external electricity markets, in  particular it gives the opportunity to export Armenian electricity to  the emerging single market of the EAEU and the Middle East. In this  light, the expert assesses the pace of construction of the  Armenia-Iran power transmission line as unacceptably slow, especially  considering that the construction should have been completed last  winter.

Moreover, in the direction of building a similar power line to  Georgia, according to his estimates, there is not even a finally  approved project. And this is in the context of the practical loss of  Armenia's position in the Georgian electricity market, which,  however, has its own objective reasons, including Azerbaijani  activity in this segment of the Georgian energy market.

In this light, the expert sees the need for the speediest approval  and start of the construction project for the power transmission line  connecting Armenia with Georgia. Otherwise, according to his  forecasts, Armenia has the prospect of seeing Azerbaijan as an  electric power regional leader in just a couple of years.  According  to Davtyan's estimates, Baku is steadily increasing its export of  electricity to Georgia and Iran and has already initiated the  construction of high-voltage power lines to these countries. In  parallel, Azerbaijan is negotiating with Russia on the construction  of a nuclear power plant.

"I consider such an activation of Azerbaijan as part of a hybrid war  against Armenia. And to counter and win in such a war, we need to  clearly recognize the unconditional priority of business interests in  modern global politics. In this light, the electricity system is one  of the most important pillars of Armenia's national security.  Continued reduction in the cost of electricity produced in the  country, diversification of the entire system through its combination  with alternative energy and as a result stable export of electricity  is quite capable of significantly raising the geopolitical status of  Armenia. And most importantly to ensure break through the blockade  and isolation initiated by Azerbaijan and Turkey, "the expert summed  up.

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Search by date

Government Bonds

Issue volume

10 billion

Volume of T-bills for placement

200 million

Volume of submitted competitive applications

200 million

Volume of satisfied bids

200 million

Yield at cut-off price

 5.8314%

Maximum yield

 5.8314%

Мinimum yield

 5.8314%

Weighted average yield

 5.8314%

Number of participants

2

The maturity date of T-bills

03.02.2020

ArmEx

 

СПРОС (Покупка)

USD

Средневзв. Цена

482,00

ПРЕДЛОЖЕНИЕ (Продажа)

  USD

Средневзв. Цена

-

СДЕЛКИ

USD

Цена откр.

482,00

Цена закр.

482,00

Мин. Цена

482,00

Макс. Цена

482,00

Ср/взв. Цена

482,00

-0.16

Кол-во сделок

1

Объем (инвал.)

200 000

0бъем (драм)

96 400 000

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