YEREVAN, SEPTEMBER 11, NOYAN TAPAN. Starting from 2009, Armenia will sell electricity to Turkey. According to Azg daily, the Armenian minister of energy and natural resources Armen Movsisian announced this during a briefing with reporters. He said that discussions on this issue were held during the visit of the Turkish president to Armenia at the invitation of the Armenian president. During the meetings, an agreement was also signed between the ministry and Unit company (Turkey) which is engaged in the import and distribution of electricity in Turkey. Besides, an agreement was signed between High-Voltage Electric Networks of Armenia and Unit on the direct export of electricity from Armenia through Kars. The date of starting the electricity export depends on the Turkish side. The price of electricity to be exported will be calculated by a special formula based on the price of gas. In the words of A. Movsisian, this price will be economically efficient and well-founded: by rough estimates, 1 kw will cost 5.7 cents. It was mentioned that Armenia last supplied electricity to Turkey in the Soviet time.

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