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Majid Namjoo: After 15-Year Period Expires, Meghri Hpp Will Be Trans

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  • Majid Namjoo: After 15-Year Period Expires, Meghri Hpp Will Be Trans

    MAJID NAMJOO: AFTER 15-YEAR PERIOD EXPIRES, MEGHRI HPP WILL BE TRANSFERRED TO ARMENIA

    Panorama.am
    08/11/2012

    We attach particular importance to our relations with Armenia which
    are based on both cultural cooperation and cooperation that became
    stronger with time. The construction project of Meghri hydroelectric
    power plant (HPP) is a bright evidence of it, Iranian Energy Minister,
    Iranian Co-Chair of Armenian-Iranian intergovernmental commission on
    economic cooperation Majid Namjoo said during the foundation laying
    ceremony of Meghri HPP.

    The Iranian Minister noted that Iran has a rich experience of
    cooperation with its neighboring countries, in particular, with
    Turkmenistan, in reservoir construction, and construction of Meghri
    HPP is the first attempt to implement a joint project with Armenia.

    The main works will be implemented by a private Iranian company. Local
    Armenians will also participate in the construction works, said
    Majid Namjoo.

    The construction of Meghri HPP will be implemented by the Iranian
    Tavan Ab Araz Company, as part of an agreement signed between Armenia
    and Iran on October 15, 2010. The Iranian company will solve the
    financing problem and all organizational problems concerning the
    construction and operation of the HPP. The Armenian government will
    help the company get all necessary permissions and licenses.

    Majid Namjoo stated that after 15-year period expires, Meghri
    hydroelectric power plant will be transferred to Armenia.

    According to the prognoses of Armenian Minister of Energy and Natural
    Resources Armen Movsisyan, if transferred to Armenia, the power plant
    will provide 10-12 percent of the electricity generated in the country.

    Presently, Armenian power companies generate about 6.5 billion kWh
    of electricity per year.


    From: Baghdasarian
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