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Contract signed on exporting electricity from Armenia to Turkey

10 September 2008 12:55 (UTC +04:00)

He said that representatives of UNIT Company engaged in importation and distribution of high-voltage electricity in Turkey also attended the visit of President Abdullah Gul to Yerevan.
â€œContract was signed during the visit on exporting electricity from Armenia to Turkey through Kars. According to the contract, Turkey will restore all the necessary infrastructures in its territory in four or five months and begin receiving electricity,â€ he said.
The minister said the volume of electricity to be exported to Turkey will be 1.5 billion Kwh, later it is planned to reach 3.5 billion Kwh.
â€œThe price for a kilowatt depends on the price of heating energy and gas. But the price will be economically effective. If the electricity would have been exported now, the price would have been 5.7 cents per kilowatt-hour. The contract is successful enough. This is a new market for Armenia, the agreement will make it available to use our energy potential maximally,â€ he said.
Armen Movsisyan underlined that the agreement had been reached on the highest level and did not believe that there would be political obstacles.