YEREVAN. – Armenia will complete, by 2017, the construction of a new electricity transmission system in the direction of Georgia and Iran. 

The Deputy Minister of Energy and Natural Resources of Armenia, Ara Simonyan, noted the aforesaid at the National Assembly on Tuesday.

He informed that the construction of the third electricity transmission system toward Iran was discussed yet again during Prime Minister Hovik Abrahamyan’s most recent visit to Iran. Simonyan added that the construction of this transmission line will take eighteen months.  

In addition, the deputy minister stated that a loan agreement is being prepared with the German government-owned KfW development bank, to fund the Armenia-Georgia electricity transmission project.