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Iran, Azerbaijan implement joint projects

Baku, March 12, IRNA -- Head of the state-owned Azeri Energy Company Piror Diev said on Friday with the implementation of several joint projects by Iran and Azerbaijan, the capacity of the electricity exchanges between the two countries would increase tremendously.

Speaking to reporters here, he said Iran produces the electricity needed for Nakhichevan and currently a 230-kilowatt electricity line transfers the Iranian electricity to Azerbaijan.

He noted that the two countries have recently inked agreements on expansion of the cooperation in the area of electricity due to the fact that Nakhichevan needs more electrical power.

The new Astara-Astara 220-kilowatt electricity line has reached to its termination and establishment of a second 330-kilowatt power line in Imishli-Parsabad is now in the pipeline.

He said Nakhichevan would no longer be in need of the Turkish electricity as the power it needs would be supplied by the Iran-Azerbaijan joint projects.

He said Nakhichevan needs some 23 billion kilowatt/hours of electricity every year adding that the establishment of two new lines with Russia and the implementation of the project with Iran, the electricity needed would be supplied.

Diev noted that Azerbaijan would be in future able to produce electricity and to export its surplus electricity to other states in the Middle East.

He noted that Iran and Azerbaijan have also inked an agreement on several joint projects in transportation area adding that the two sides' officials signed an agreement two weeks ago for construction of several bridges on their common border.

The loan for the projects to be completed in 2004 are extended by Iran, he said.

The two countries' Experts met on March 3 to discuss other projects including construction of the 310-km Astara-Baku road, and 7.3-km railroad on the border and speeding up of the construction of 36-km Jolfa-Ordubad road in the Nakhichevan Autonomous region.

Iran has provided Azerbaijan dlrs two million grant for some of he joint projects and has agreed to grant a loan for construction of Astara-Baku road.

Other projects between the two nations is construction of a gas pipeline in Nakhichevan and Bilesawar road up to common border, building a bridge over Astarachay river and in the Iranian and Azeri cities of Jolfa, installation of power transfer lines in Imishli and Parsabad regions.

The agreement envisages extension of a further dlrs 130 million loan to Azerbaijan to help it implement certain other projects.

In sign of growing ties, Iran and Azerbaijan signed a border agreement in Baku last week.

The two states have shown a firm political will to expand ties. Azeri President Ilkham Aliyev has recently stressed the importance of his country's ties with Iran and called for measures to boost the Baku-Tehran ties in all domains.

The Azeri president said Iran is his country's neighbor with long common borders and Baku has interest in forging cordial ties with Tehran.

He said the visit to Tehran by ex-Azeri president Heydar Aliyev was opening a new chapter in the bilateral ties between the two countries.

Heydar Aliyev embarked on a policy of closer ties with Tehran in 2002 and the Azeri officials are determined to strengthen these relations.

... Payvand News - 3/12/04 ... --

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