The feasibility evaluation of the North-South energy corridor that involves Russia, Georgia, Armenia and Iran will be ready in 2018, Russian energy minister and the co-chair of the Russian-Iranian intergovernmental commission Alexander Novak said on November 1, 2017.
Earlier Alexander Novak said that the feasibility study would be ready in the 2nd half of 2017, RIA Novosti reported.
In 2016 April energy ministers of Armenia, Russia, Iran, and the deputy energy minister of Georgia signed a road map for building the North-South energy corridor during a meeting in Yerevan.
The road map formalized the steps and programs that the sides were to implement until 2019, when the energy corridor is supposed to be launched.
It was said when the construction of power transmission lines between Armenia and Iran as well as Armenia and Georgia was over, they would enable parallel operation of power systems of the 4 countries, as they operated during the Soviet Union.
The North-South energy corridor is to be used primarily for seasonal electricity swaps through 3rd countries.
After the full launch of the corridor, its capacity is said to reach about 1,000 MW.