Tehran signed an agreement with Yerevan, Tbilisi and Moscow to synchronize power grid with them until 2019.
The deal was signed during visit by Iranian Energy Minister Hamid Chitchian to the Armenian capital with his counterparts from the three countries.
Once fully implemented, the agreement will make it possible for Iran to connect its power grid to Russia.
Officials in Tehran have already announced that the most important precondition for this is to synchronize the grids of Iran and Armenia. They have emphasized that both countries have agreed to make the required arrangements to do this in the nearest time possible.
Armenia and Iran are planning to complete their third power transmission line in less than two years, a senior Armenian energy official announced on Wednesday.
"The construction of the third Armenia-Iran power line will take 18 months to complete," Armenian Deputy Energy and Natural Resources Minister Hayk Harutyunyan said.
He reiterated that the third power transmission line will allow Armenia and Iran to increase the amount of their swap deal of gas for electricity.
In August, Yerevan and Tehran signed an agreement on the construction of the third power transmission line between the two countries. The cost of the project is about $120 million.
The gas pipeline between Armenia and Iran was commissioned in 2007. In return for Iranian gas Armenia ships electricity to Iran - 3 kWh for one cubic meters of gas.
In 2014, Armenia received 383 million cubic meters of Iranian gas at $189 for 1,000 cubic meters. The Iranian gas is not sold to households or enterprises - it is converted into electricity by the Yerevan thermal power plant and much of it is shipped back to Iran.
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