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Construction Of "Meghri" Hydroelectric Power Plant To Start In Augus

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  • Construction Of "Meghri" Hydroelectric Power Plant To Start In Augus

    CONSTRUCTION OF "MEGHRI" HYDROELECTRIC POWER PLANT TO START IN AUGUST

    ARMENPRESS
    5 June, 2012
    YEREVAN

    YEREVAN, JUNE 5, ARMENPRESS: Iran will be the only consumer of the
    energy produced by "Meghri" hydroelectric power plant for 15 years,
    which will cover the investment made by Tehran.

    The hydroelectric power plant will be cosntructed over the Arax
    River and will have the capacity to produce 130 megawatts (MW)
    of electricity.

    The groundbreaking ceremony will be held in Meghri August 22. The
    construction works will be implemented within 5 years.

    "Nearly $ 323 mln will be spent on the construction works of the
    hydroelectric power plant," the statement provided to Armenpress by
    Armenian Ministry of Energy and Natural Resources reads.

    American authoritative "Bloomberg" has referred to construction of
    the plant June 4. Bloomberg has underlined that the Iranian source
    has not presented data on the financial aspect of the project.

    Two hydroelectric power plants are intended to construct over the
    River Arax -- "Meghri" in the Armenian side and "Gharachilar" in the
    Iranian side. This investment project will be implemented in Armenia
    for the first time.

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