Iran-Armenia power line project 80% finished - minister 

ArmInfo.  The construction of the third Iran-Armenia power transmission line is 80% complete. This was stated by David Khudatyan, Minister of Territorial Administration and  Infrastructure (MTAI), during the hearings in the National Assembly of the Republic of Armenia on the implementation of the 2024 state budget of the Republic of Armenia on June 9.

According to him, the project is being implemented at full speed, large-scale work is underway.

In November last year, the RA government issued a budget loan to the Iranian company Sunir, which is building a 400-kilovolt Iran-Armenia power transmission line. A contract was signed with the project contractor, Sunir, with the state enterprise High Voltage Networks of Armenia back in July 2006, according to which the contractor was obliged to perform the design, supply, construction, installation, testing and commissioning of the third 400 kV power transmission line  and the corresponding substation in a comprehensive volume. The total cost of the project is 106,847,237.51 euros. Of the project cost, 86,447,914 euros are financed by credit funds of the Export Development Bank of Iran, and the amount of 20,399,323.51 euros is financed by credit funds of Sunir International FZE. The deadline for completion of work within the framework of the project was set for December 31, 2034. The implementation of the project will increase the flow of electricity between Armenia and Iran from 350 MW to 1200  MW, increase the level of security, reliability and stability of the  energy system of Armenia, and it will be possible to fully use the capacity of the Iran-Armenia gas pipeline within the framework of the "Gas for Electricity" program.

ArmInfo previously reported that Armenia is carrying out a barter deal with Iran, according to which it receives 1 cubic meter of Iranian gas in exchange for the supply of 3 kWh of electricity in the opposite direction. With the construction of the third power transmission line, these volumes will increase significantly. Nevertheless, the project to build the North-South energy corridor, designed to unite the electric power systems of Iran, Armenia, Georgia and Russia, has encountered a number of problems, primarily related to frequent postponements of the commissioning of the facility. If the completion date of the Iran-Armenia power transmission line project was previously announced for the end of 2018, at the end of December 2021, the responsible structures already stated that the line would be ready by the end of 2024. As for the Armenia-Georgia power transmission line, the parties have not yet started its construction.