Azeri, Iranian energy workers sign two agreements

Azerbaijan and Iran signed two agreements on electricity supplies to the Nakhchivan AR in Tehran Wednesday following two-day negotiations between the “AzerEnergy” JSC and Iranian “Tavanir” company.

After the signing ceremony, president of “AzerEnergy” Mr. Imanov said his visit to Iran was useful and the parties agreed on repaying Azerbaijan’s arrears to Iran within 4 years.

The first agreement envisions the supply of 40 to 50 MW of electrical energy to the enclave, while under the second agreement, Azerbaijan will supply Nakhchivan with electricity by transmitting it to the Iranian party through the Imishli-Parsabad line for further transmission to the autonomous republic.

“The importance of this agreement for Azerbaijan is that we will be receiving energy for Imishli in winter months and returning in summer”, Mr. Imanov said.*