Iran and Armenia have announced plans to construct a third transmission line with a capacity of 800-900 MW between the two countries, reports Energy Business Review.
Armenian Energy and Natural Resources Minister Armen Movsisian said the $110m line would augment the volume of power exchange between the two countries from the current 300 MW to 500-800 MW.
Construction of the Iran-Armenia electricity transmission line is expected to start within two weeks.
Iranian Energy Minister Majid Namjoo also announced that the two countries are also planning to develop two hydroelectric plants of 180 MW in Iran and Armenia on the Aras River. A consortium formed by a group of Iranian companies will undertake the construction of the power plant in Armenia with an estimated cost of about $450-500m.