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Iran's President Mahmoud Ahmadinejad Arrives In Armenia

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  • Iran's President Mahmoud Ahmadinejad Arrives In Armenia

    IRAN'S PRESIDENT MAHMOUD AHMADINEJAD ARRIVES IN ARMENIA

    Demotix.com
    http://www.demotix.com/news/978993/irans-president-mahmoud-ahmadinejad-arrives-armenia
    Dec 23 2011

    Iranian President Mahmoud Ahmadinejad arrives in Armenia for
    an official visit. Iranian President expressed hope for further
    development of friendly ties with Armenia. Yerevan, Armenia. 23th
    December 2011

    Iranian President Mahmoud Ahmadinejad has arrived in Armenia for an
    official visit. At the airport, the President was welcomed by Armenian
    Foreign Minister Edward Nalbandian.

    Further, Armenia's presidential residence hosted the meeting of
    Ahmadinejad with Armenian leader Serzh Sargsyan.

    Discussion of Meghri hydropower plant construction, as well as other
    projects to be implemented were on presidential visit agenda.

    Armenia and Iran are planning to build two high-capacity hydropower
    plants: in Meghri and Karachilar (Iran). Each plant is envisaged
    to generate 793mln kilowatt/h of electric power. Preparations for
    the construction in Meghri will finish this year, the project being
    estimated at $323mln to be invested by the Iranian Investment Company.

    According to the agreement, the power generated by the plant will
    be delivered to Iran during 15 years. Afterwards, the plant will be
    transferred to Armenian side. As to construction of other plants, it's
    hardly possible as Armenia doesn't possess sufficient water resources.

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