Armenia applies benefits for Iran-Armenia electricity connection

The Armenian government submitted a special draft law for certain benefits for the electricity line connecting Iran with Armenia has been under the construction. The project will be exempted from Armenian taxes. It will be Armenia’s investment into the project. The project is financed by Iran Development Bank which issued credit of 83 million Euro for Armenia. So far there are two power lines connecting Iran and Armenia. The agreement of construction of third line was achieved in 2006.