Iran and Armenia agree to build $117 million power transmission

18 November 2024

Iran and Armenia agree to build $117 million power transmission line

17:17 13 August 2015 Read: 943

Iran and Armenia agree to build $117 million power transmission line

The Export Development Bank of Iran (EDBI) has signed a contract with Armenia

Under the contract, EDBI will provide $91 million in financing to support the construction of the third Iran-Armenia power transmission line.

Armenia will own 20% stake in the project, which is planned to be completed in 18 months and be commissioned in 2018.

Armenian officials have said that the third power transmission line is likely to be connected to the national power grids of Armenia, Georgia, Russia and Turkey.

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