Iran, Armenia, Georgia Sign MOU On Supply Of Electricity

Sep 30, 2006 - Islamic Recpublic News Agency (IRNA)

Energy ministers of Iran, Armenia and Georgia signed a memorandum of understanding (MoU) in Yerevan on Saturday on an agreement for supply of electricity.

The three ministers in the MoU stressed the importance of boosting their tripartite cooperation in the field of energy. Iranian Energy Minister Parviz Fattah said that based on the MoU, Iran would supply electricity to Georgia via Armenia and vice-versa. He said that Iran will transfer some 50mw of electricity to Georgia within the next two to three months while Georgia would transfer the same amount in spring.

The Iranian minister said that the exchange of electric power would be increased to 350mw in the next two years. He said that some 800mw of electricity have been imported into the country from Georgia this summer, adding that Iran now has the capacity to produce electricity more than domestic demand which it can export.