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BAKU: Iran And Armenia Begin Constructing Meghri Hydropower Plant

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  • BAKU: Iran And Armenia Begin Constructing Meghri Hydropower Plant

    IRAN AND ARMENIA BEGIN CONSTRUCTING MEGHRI HYDROPOWER PLANT

    APA
    Oct 19 2009
    Azerbaijan

    Baku - APA. Armenian government has passed a concrete decision
    on constructing hydropower plant in Meghri region located on
    Azerbaijan-Iran border, Armenian Minister of Energy and Natural
    Resources Armen Movsisian told journalists, APA reports.

    The Minister said the construction of Meghri hydropower plant will
    begin late in 2009 - early in 2010. He said the technical-economic
    feasibility of the project is about to end.

    "The next meeting of Iran-Armenia intergovernmental commission will
    be held by the yearend and the final agreements on the construction
    of Meghri hydropower plant will be signed there," he said.

    Armen Movsisian mentioned that three big energy projects were signed
    during Iranian President's visit to Armenia.

    "One of them is connected with Meghri hydropower plant. According to
    the agreement, specialized Iranian companies will make all investments
    in the construction of the hydropower plant. They will be repaid
    through produced electricity," he said.

    The capacity of Meghri hydropower plant will be 130-140 MW. The
    plant will produce 800-850 kWhr per year. The hydropower plant will
    be built on the Araz River and will cost $2400 million.
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