Turkish side has not declared the new terms of start of power supply from Armenia, but the negotiation process continues, said Armenian Minister of Energy and Natural Resources Armen Movisyan.
The agreement on the establishment of direct power supplies from Armenia to Turkey was signed between Armenian Ministry of Energy and Natural Resources, High-voltage power grids and Belgian UNIT importing and distribution high voltage power in Turkey on 4 September 2008.
“We had a contract with the Turkish companies under which the power supplies will start with 1.5bn KW/H a year with the further increase. Our potential has grown due to availability of new capacities”, Movsisyan told a news conference on Wednesday.
By a preliminary agreement, Armenia will start supplies from 1.5bn KW/Hs a year raising it to 3.5bn KW/Hs a year in the coming years. The cost of power was expected to be $57 per 1,000 KW/Hs of power but the final price will be corrected due to changes in price of gas and in connection with the final terms of supplies.
The minister explained that “there is a political problem from the Turkish side which today hampers the start of the process. “Anyway, the negotiations are on the hot point and our colleagues hope this will come true one day”, he said.
The minister added that a large volume of preparation works has been held in Turkey.
Movsisyan told earlier that only power generated by Armenian thermal power centrals will be exported to Turkey which is quite competitive in price and does not have any harm for internal demand.
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