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Expert: Russia's every decision directly affects Armenia

Richard Giragosian: After aligning with EEU, Armenia faced security threats

Police: Valery Permyakov might have acted not alone

Armenian FM: Armenia's stance on Karabakh is similar to that of Russia, France and the United States

President of Armenia: We have prepared many surprises for hotheads in Azerbaijan

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Armenian FM: Armenia and Russia are unanimous that trial of the Gyumri murder case must be transparent

Political expert: Azeri provocations on the border occur following tragic events in Gyumri

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Three Azeri soldiers killed and two wounded as a result of ceasefire violation by Azerbaijan

Turcologist: No serious events in Armenia on threshold of Centenary of Armenian Genocide are observed yet

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Reiner Morell: Germany is ready to show aid in Karabakh settlement whenever is a need

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Seyran Ohanyan considers full-scale military operations in Karabakh conflict zone to be low probable

Two Armenian servicemen killed as a result of a new Azeri sabotage attack

Member of Russian parliament does not rule out handing over of Permyakov to the Armenian party

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Angela Merkel falls victim of Azerbaijani misinformation

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Angela Merkel urges peaceful resolution to Karabakh conflict

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Energy Ministry: Armenian minister will travel to Tehran shortly to discuss problems emerging in the Iran- Armenia Power Lines project

  • by Ashot Safaryan

  • Monday, June 2, 16:07

 Minister of Energy and Natural Resources of Armenia Yervand Zakharyan will make a working trip to Iran to discuss the project of the third Power Line Iran- Armenia along with other issues. The statement came from Deputy Minister of Energy and Natural Resources Ara Simonyan in the Parliament, Monday.

He said the Islamic Republic of Iran gradually overcomes the difficulties with the Western sanctions, which is a good impetus to resume the project of Iran-Armenian Power Lines.  The deputy minister hopes minister Zakharyan will manage to settle all the problems connected with implementation of the given project.
Meanwhile, Director General of High-Voltage Power Lines State CJSC Sahak Abrahamyan told ArmInfo Iran refuses to fund the construction of the third power line Iran-Armenia because of some problems with the Armenian settlement bank. According to him, the invoice was submitted, but financing has not been provided yet. "We have not received financing on the basis of the first invoice we submitted yet a year ago. The Iranian party claims that the problem is connected with one of the Armenian banks through which the credit program was to be implemented. Financial problems are not connected with the West's sanctions against Iran," Abrahamyan said.

To recall, the project costs 107.9 million EUR. Iran was to provide the given amount in terms of a loan, including the 83.083 mln EUR loan signed in Sept 2011 and additional 24.817 mln EUR - in April 2012.  Under the loan agreement, the construction of the third power line is to be completed within 18 months since the moment of      financing. 

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