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Armenia improved its position in the World Energy Council’s Energy Trilemma Index global energy ranking, running the 43th among 125 countries instead of the 52th of the previous year.

According to the Ministry of Energy and Natural Resources, the report states that Armenia strengthens the energy relations with neighboring countries, Iran and Georgia. Construction of a 400 kV transmission line is underway with Iran, and similar projects are being developed with Georgia.

According to the report, during the last year the solar energy sector has developed in Armenia. Four photovoltaic power plants with a total capacity of 4 MW were launched.

In the coming years Armenia will continue to develop the potential of renewable energy, in particular, solar energy.

"Armenia also participates in the creation of a common energy market for the member states of the Eurasian Economic Union," the report said.

The World Energy Council’s Energy Trilemma Index tool, produced in partnership with Oliver Wyman, ranks countries on their ability to provide sustainable energy through 3 dimensions: Energy security, Energy equity (accessibility and affordability), Environmental sustainability. The ranking measures overall performance in achieving a sustainable mix of policies and the balance score highlights how well a country manages the trade-offs of the Trilemma.