Wednesday, April 29 2020 20:59

Power Transmission Project between Iran and Armenia Underway

Power Transmission Project between Iran and Armenia Underway

ArmInfo.Armenian Ambassador to Iran Artashes Tumanyan stated that a joint project on  electric power transmission  between the two countries is underway, despite the coronavirus pandemic.

"Joint projects between Iran and Armenia are not closed, and  preparations are underway to send 60 people from Iran to Armenia to  work on the third power line between the two countries," Tumanyan  said at an online meeting on the consequences of the COVID-19  outbreak in the region, as  reports Mehr News.

Iran and Armenia have been cooperating for years on gas and  electricity exchanges, and bilateral economic and political ties have  grown in tandem with increased trade. Armenia has repeatedly stated  its readiness to conclude swap agreements with Iran.

Back in July 2019, two countries signed a memorandum of understanding  (MOU) in Tehran to expand economic cooperation, especially in the  energy field.

Based on the memorandum, both parties agreed to complete the  construction of a third power transmission line from Iran to Armenia  by 2020 in order to increase electricity exports to Armenia from the  country to 1000 megawatts (MW).

The memorandum also covered cooperation in various fields, including  road and rail transportation, customs, standardization, creation of  free trade zones, as well as industry, mining and trade.  Iran and  Armenia use the barter system to exchange gas for electricity and  other basic goods. 

POST A COMMENT
Input digits     


News


Exchange rates
08.07.2020
RUB6.820.10
USD485.740.62
EUR547.570.65
GBP608.342.91
CAD357.08-0.34
JPY45.160.12
CNY69.190.19
CHF515.812.07



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