Armenia to select contractor for $368M transmission project
Armenia, Yerevan: Armenia’s Energy and Natural Resources Ministry will soon announce an international tender to select a contractor for building the fourth 400 kV electricity transmission line to Georgia, reports Asbarez.
The project will be implemented in five phases and includes construction of new transformer stations and several sections of high voltage power lines.
The total cost of this project, implemented with the support of German state-owned KfW bank, is estimated at €326.9 million ($368 million). 10% of the money will be provided by the Georgian side.
The construction work is expected to be over before the end of 2018.
The project’s goal is to unite Armenian and Georgian energy systems to stimulate regional cooperation between Russia, Georgia, Armenia and Iran.