Iran’s Energy Minister Hamid Chitchian arrived in Yerevan on Tuesday for further talks with senior energy officials from Armenia, Georgia and Russia on the possibility of boosting power supplies among their countries.
The Armenian, Georgian and Iranian energy ministers as well as the chief executive of a leading Russian electric utility already discussed the matter in the Armenian capital in late December. The Armenian government said after that meeting that the four nations could create a common energy market after the construction of two new power transmission lines connecting Armenia with Georgia and Iran.
The next round of the negotiations was expected to start in Tbilisi on April 11. However, the Armenian government said on Tuesday that it will be held in Yerevan on Wednesday.
The government made the announcement in a statement on Prime Minister Hovik Abrahamian’s meeting with Chitchian. Abrahamian was reported to say that he looks forward to the four-party talks.
“The Iranian energy minister said that the development of cooperation in such a format will help to deepen regional integration, enhance energy stability and strengthen regional security,” said the statement.
It added that Abrahamian and Chitchian also discussed the implementation of bilateral Armenian-Iranian energy projects. Those include the construction of a new high-voltage transmission line that will connect the Armenian and Iranian power grids.
Work on the $120 million line is due to end in 2018. The facility will enable Armenia to quadruple exports of electricity to the Islamic Republic.