PSRC approves draft decision on transit of electricity through Armenia
YEREVAN, September 30. / ARKA /. Armenia’s Public Services Regulatory Commission (PSRC) approved at a meeting on Wednesday unanimously a draft decision on transit of electricity through the territory of Armenia.
Director general of Power System Operator company Mnatsakan Mnatsakanyan told ARKA that transit of electricity through Armenia would be very beneficial financially. According to him, the Armenian energy system is connected by transmission lines with neighboring Georgia and Iran.
He said when the third power transmission line from Armenia to Iran with 400 kW capacity is over Armenia and Georgia may build the fourth one with 500 kW capacity to connect their power grids as part of Caucasus Power Lines program, estimated at 320 million euros.
The program will be implemented in three phases -the first was launched in 2014 and will end in 2018, the second phase will end in 2021 and the third in 2026. In the first phase Armenian and Georgian energy systems will be united through a high-voltage direct current (HVDC) line to be built in Armenian Ayrum on the border with Georgia.
The new substation and the transmission line will enable Armenian and Georgian power grids to work in the same mode and make electricity swaps. The total cost of the first phase of the project 105.2 million euros. This phase is co-financed by the European Investment Bank (10 million euro loan) and the EU Neighborhood Investment (a 0 million euro grant).
Another 85.2 million euro loan will be provided by German KfW bank. The agreement with KfW was signed in 2014 December and the agreement with European Investment Bank was signed earlier this month in Yerevan.
The cost of the third Armenia-Iran 275 km long power transmission line is 107 million euros. When built it will allow to triple shipments of Armenian-generated electricity to Iran. -0-
Director general of Power System Operator company Mnatsakan Mnatsakanyan told ARKA that transit of electricity through Armenia would be very beneficial financially. According to him, the Armenian energy system is connected by transmission lines with neighboring Georgia and Iran.
He said when the third power transmission line from Armenia to Iran with 400 kW capacity is over Armenia and Georgia may build the fourth one with 500 kW capacity to connect their power grids as part of Caucasus Power Lines program, estimated at 320 million euros.
The program will be implemented in three phases -the first was launched in 2014 and will end in 2018, the second phase will end in 2021 and the third in 2026. In the first phase Armenian and Georgian energy systems will be united through a high-voltage direct current (HVDC) line to be built in Armenian Ayrum on the border with Georgia.
The new substation and the transmission line will enable Armenian and Georgian power grids to work in the same mode and make electricity swaps. The total cost of the first phase of the project 105.2 million euros. This phase is co-financed by the European Investment Bank (10 million euro loan) and the EU Neighborhood Investment (a 0 million euro grant).
Another 85.2 million euro loan will be provided by German KfW bank. The agreement with KfW was signed in 2014 December and the agreement with European Investment Bank was signed earlier this month in Yerevan.
The cost of the third Armenia-Iran 275 km long power transmission line is 107 million euros. When built it will allow to triple shipments of Armenian-generated electricity to Iran. -0-