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U.S. sanctions may potentially affect Meghri hydropower plant
November 30, 2012 - 20:21 AMT
PanARMENIAN.Net - U.S. embassy in Baku commented on the
Armenian-Iranian construction project of a hydropower plant on Arax
River.
"We monitor all reports of potentially sanctionable activity and stand
ready to engage with countries in case of significant concerns,'
1news.az reported, quoting sources in the U.S. diplomatic mission as
saying.
Laying of the foundation stone of Armenian-Iranian Meghri hydropower
plant took place in Armenia's Syunik province on November 8, with
President Serzh Sargsyan and head of Armenian-Iranian
intergovernmental commission on economic cooperation, Iran's Minister
of Energy Majid Namjoo present.
Armenia and Iran signed an agreement on hydropower plant construction
on River Arax in 2007, the document being ratified by both parliaments
in 2008. On December 23, 2011, presidents of both countries instructed
the ministers to launch implementation of strategic projects on
construction of oil pipeline, Iranian-Armenian railway, and hydro
station on River Arax.
Armenia and Iran have agreed to build the two most powerful hydropower
plants in the South Caucasus, with the HPPs to be located in Meghri on
the Armenian side and Karachilare - on the Iranian side.
Each of the plans will annually generate 793 mln kWh electricity, with
the Meghri station construction estimated at USD 323 mln.
After completion of the construction, Iranian Farat-Sepasat company
will assume the operation of the plant for 15 years, with the
electricity to be supplied to Iran to cover-up the investments of the
Iranian side. After the mentioned period, Armenia will take up the
operation of the plant.
Armenian-Iranian joint technical committee will coordinate the
construction works.
November 30, 2012 - 20:21 AMT
PanARMENIAN.Net - U.S. embassy in Baku commented on the
Armenian-Iranian construction project of a hydropower plant on Arax
River.
"We monitor all reports of potentially sanctionable activity and stand
ready to engage with countries in case of significant concerns,'
1news.az reported, quoting sources in the U.S. diplomatic mission as
saying.
Laying of the foundation stone of Armenian-Iranian Meghri hydropower
plant took place in Armenia's Syunik province on November 8, with
President Serzh Sargsyan and head of Armenian-Iranian
intergovernmental commission on economic cooperation, Iran's Minister
of Energy Majid Namjoo present.
Armenia and Iran signed an agreement on hydropower plant construction
on River Arax in 2007, the document being ratified by both parliaments
in 2008. On December 23, 2011, presidents of both countries instructed
the ministers to launch implementation of strategic projects on
construction of oil pipeline, Iranian-Armenian railway, and hydro
station on River Arax.
Armenia and Iran have agreed to build the two most powerful hydropower
plants in the South Caucasus, with the HPPs to be located in Meghri on
the Armenian side and Karachilare - on the Iranian side.
Each of the plans will annually generate 793 mln kWh electricity, with
the Meghri station construction estimated at USD 323 mln.
After completion of the construction, Iranian Farat-Sepasat company
will assume the operation of the plant for 15 years, with the
electricity to be supplied to Iran to cover-up the investments of the
Iranian side. After the mentioned period, Armenia will take up the
operation of the plant.
Armenian-Iranian joint technical committee will coordinate the
construction works.