YEREVAN, DECEMBER 23, ARMENPRESS. Cooperation gains new momentum in energy sector between Armenia, Iran, Georgia and Russian Federation. Quadripartite meeting between Armenia, Iran, Georgia Energy Ministers and the director of “Russian Network” JSC was held on December 23. The parties signed a memorandum, which will raise the level of mutual energy supplies, energy efficiency systems, security and reliability.

Besides, a number of investment projects of regional importance are being prepared. “The four countries signed a memorandum on cooperation in energy systems. Today there are no opportunities for joint work in these four countries, and this memorandum will provide the mentioned opportunity,” Yervand Zakharyan Armenian Minister of Energy and Natural Resources said, as “Armenpress” reports.

He presented the capacity of energy system bandwidth and the planned investment projects on increasing the power. It is planned to put into operation 400/500 kV transmission line between Armenia and Georgia and insert a direct current substation by 2018. Besides, it is planned again to put into operation the Iran-Armenia 400 kV power transmission line in 2018. It will allow to flow up the energy with Iran up to 1200 MW.

According to Yerevan Zakharyan, an opportunity is created for countries for exchange electricity supply in the case of accidents, emergencies.