Armenia to issue budget loan to Iranian company Sanir building a  400-kilovolt   electricity transmission line from Iran to Armenia

ArmInfo. The Armenian government will issue budget loan to Iranian company Sanir, which is  building a 400-kilovolt electricity transmission line from Iran to Armenia.  The decision was approved on November 21.  According to the explanation in the document, the provision of financial resources is crucial for completing the construction of the project in the shortest possible time, given its importance for the entire energy  system of Armenia.

A contract was signed with the project contractor, Sanir, and the  state enterprise in July 2006.  According to the agreement, the Contractor is responsible for the  design, supply, construction, installation, testing and commissioning  of the third 400 kV power line and the corresponding substation. The  total cost of the project is 106,847,237.51 euros, with 86,447,914  euros financed by a loan from the Export Development Bank of Iran and  20,399,323.51 euros are financed by a loan from Sanir International  FZE. 

The project was originally scheduled for completion on December 31,  2034. However, in April 2023, it was discovered that copper windings  from two 400-kilovolt transformers had been stolen from the Noravan  substation, which is being constructed for the power transmission  line. The project aims to increase electricity flows between Armenia  and Iran from 350 MW to 1200 MW, enhance the security, reliability  and stability of the Armenian energy system, and enable full  utilization of the capacity of the Iran-Armenia gas pipeline under  the Gas for Electricity program.