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Iran, Armenia Reach Agreement On Building Meghri Power Plant

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  • Iran, Armenia Reach Agreement On Building Meghri Power Plant

    IRAN, ARMENIA REACH AGREEMENT ON BUILDING MEGHRI POWER PLANT

    press tv
    Mon Jun 4, 2012 1:27PM GMT

    Iran seeks to become a major regional exporter of electricity and
    has attracted more than USD 1.1 billion in investments to build three
    new power plants.

    Iran and Armenia have reached an agreement for the construction of
    Meghri hydroelectric power plant over the Aras River which forms the
    common border between two countries.

    The agreement was reached during Iranian Energy Minister Majid Namjou's
    one-day trip to Armenia on Saturday.

    During the trip, Namjou conferred with his Armenia counterpart, Armen
    Movsisian, and the two sides agreed to begin the construction of the
    joint power plant on August 22, 2012.

    According to the agreement, the hydroelectric power plant, which
    will straddle the border river, will have the capacity to produce
    130 megawatts (MW) of electricity.

    Construction of the power plant will begin simultaneously in Armenia's
    Meghri and Iran's Qarachilar regions.

    During a separate meeting with Armenian President Serzh Sargsyan,
    Namjou submitted a letter from Iran's President Mahmoud Ahmadinejad
    inviting Sargsyan to take part in the 16th Non-Aligned Movement (NAM)
    summit from August 26 to 31 in the Iranian capital, Tehran.

    Earlier in January, Mir Fattah Ghareh Bagh, the managing director of
    Iran Grid Management Company (IGMC), said the country's electricity
    exports to Armenia would increase upon the completion of the 400-kV
    power transfer line, which will connect Iran's electricity network
    to the Armenian city of Agarak.

    According to Iranian Deputy Energy Minister Mohammad Behzad, the
    new power transmission line will take Iran's electricity to Georgia,
    Russia and Europe.

    Iran is currently exchanging electricity with Afghanistan, Armenia,
    Azerbaijan, Iraq, Pakistan, Nakhichevan, Turkey and Turkmenistan.

    The Islamic Republic seeks to become a major regional exporter of
    electricity and has attracted more than USD 1.1 billion in investments
    to build three new power plants.

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