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Iranian Companies Will Take Up Meghri Hydropower Station Constructio

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  • Iranian Companies Will Take Up Meghri Hydropower Station Constructio

    IRANIAN COMPANIES WILL TAKE UP MEGHRI HYDROPOWER STATION CONSTRUCTION

    PanArmenian
    April 17 2009
    Armenia

    Iranian companies will take up Meghri Hydropower Station construction,
    RA Minister of Energy and Natural Resources Armen Movsesyan told a
    news conference. According to him, the investments will be reimbursed
    by energy produced. In accordance with agreement signed in Iran,
    construction staff will include numerous Armenian professionals.

    In March 2007 Hydropower Station Construction agreement was signed
    between Armenia and Iran. The agreement stipulates for construction
    of two stations on Araks river. Meghri Hydropower Station construction
    expenditures will comprise $ 240 million.
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