Armenian and Iranian energy ministers underlined the nee for construction of a third high-volatile electricity transmission line to increase transfer of energy.

Hamid Chitchian, accompanied by his Armenian counterpart Yervand Zakharian told reporters here on Monday that Iran in return for delivering natural gas to Armenia will receive electricity from the country at times of need, IRNA reported.

For his par,t Yervand Zakharian said at present economic transactions between the two countries stands at $300 million, adding that the figure is expected to increase by two fold during bilateral talks.

With the establishment of the third high voltage electricity transmission line which will become operational by 2018, the amount of electricity transmission will be increased two to three times, he added.

The Armenian minister also said the ties between the states should become stronger in economic field.