16.11.2016
Interview of the Minister in charge of Energy and Infrastructure of the EEC Adamkul Zhunusov to RusArmInfo: "Armenia will become a full participant in the EAEU common electric power market”
Member of the Board - Minister in charge of Energy and Infrastructure of the Eurasian Economic Commission (EEC) Adamkul Zhunusov answered questions of "RUSARMINFO" at the Eurasian Week Forum and Expo and appraised Armenia’s level of integration in the common energy market of the Eurasian Union (EAEU).
Member
of the Board - Minister in charge of Energy and Infrastructure of the Eurasian
Economic Commission (EEC) Adamkul Zhunusov answered questions of
"RUSARMINFO" at the Eurasian Week Forum and Expo and appraised
Armenia’s level of integration in the common energy market of the Eurasian
Union (EAEU).
RUSARMINFO: How do you estimate the level of integration
of Armenia in the common energy market of he EAEU? And what are the objective
possibilities of development?
Adamkul
Zhunusov: Currently, there is no common Eurasian energy market, but we can
observe phased development of common markets for energy resources on the basis
of relevant concepts, programs, and international treaties. On May 8, 2015,
heads of the EAEU Member States approved the general concept of forming the
common electric power market, and on May 31, 2016 - the concept of forming the
common gas market and common markets of oil and oil products of the EAEU. This
will ensure a competitive environment both for Armenia and for all economic
operators of the Member States, which will help stabilize energy prices and
secure power supply for national economies. In the conditions of the
functioning of the common markets of energy, companies from Armenia will get
equal rights and non-discriminatory business opportunities with companies from
the other EAEU countries.
RUSARMINFO: Armenia produces more electricity than is
needed for the domestic market. In addition, there is a real possibility of
increasing the power supply. Given Iran's interest in trade relations
with the EAEU, does the EEC consider the possibility of increasing exports of
Armenian power to neighboring Iran in the framework of deepening cooperation
with Iran?
Adamkul
Zhunusov: One of the results of the formation of the common electric power
market of the EAEU will be the increase of the capacity of power export beyond
the EAEU. However, this capacity is limited by the transfer capability of
interstate transmission lines. The situation is complicated by the lack of
connection of Armenia’s power grids with power grids of the other EAEU
countries. However, after the construction of the 400 kV transmission line
between Armenia and Georgia, the connection will be ensured that will allow
Armenia’s power companies to become full-fledged participants of the EAEU
electric power market and realize all the potential for integration, including
in the sphere of power transit and export.
The
Russian-Armenian news agency RUSARMINFO was the information partner of the
event organized by the Eurasian Economic Commission together with the EAEU
Member States.