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Second Armenia-Iran power cable to be built by year-end

Yerevan. (Interfax) – The Iranian energy company Sanir is to complete building a second high-voltage power cable between Armenia and Iran by the end of 2004, Saak Abramian, general director of Armenia’s ZAO High-Voltage Power Cables, told Interfax.


He said that the second line would make it possible to double the flow of electricity between Armenia and Iran.


He said that the cable is being built based on an energy cooperation memorandum between Iran and Armenia, signed in Yerevan in July 2002. Under this memorandum, Iran provided Armenia with a credit of $8.4 million to build the second power line, which will be repaid with electricity supplies from Armenia.


In summer Armenia supplies electricity to Iran, and imports electricity from Iran in winter.


Armenian Energy Minister Armen Movsisian said earlier that a third line might be built, along which Armenia could supply electricity to pay for gas supplied through the Iran-Armenia pipeline, which should start no later than January 2007.

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