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Armenia starts building HPP at border with Iran

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  • Armenia starts building HPP at border with Iran

    Interfax, Russia
    Nov 8 2012


    Armenia starts building HPP at border with Iran

    YEREVAN. Nov 8


    Armenia on Thursday began building the Meghri Hydro Power Plant by the
    Aras River on the border with Iran, which will cost $323 million, the
    Armenian Energy and Natural Resources Ministry reported.

    Iran will start building a similar HPP on its territory in Garachilar.
    The hydro power plants will be connected through drainage tunnels.

    At the foundation stone ceremony for the new HPP, Armenian Energy
    Minister Armen Movsisyan, said the Aras hydro complex would provide
    both countries with additional electricity and encourage the
    development of economic relations between them.

    Armenian President Serzh Sarkisyan and Iranian Energy Minister Majid
    Namjoo took part in the ceremony.

    The project's feasibility study estimates capacity at the Meghri HPP
    at 130 megawatts and expects it to produce 793 million kilowatt hours
    of electricity per year. The project is being implemented by Iranian
    company Tavan Aab Araz, which will resolve all financial and
    organizational issues related to construction and operation of the
    HPP.

    Iran will fund the construction of Meghri HPP and Armenia will pay for
    the investment in electricity: after the plant has been launched it
    will be operated by Iranian company Farat-Sepasat for 15 years and the
    electricity produced will go to Iran.

    The foundation stone laying ceremony had been scheduled for August 22
    2012, but it did not take place then due to a serious earthquake in
    Iran on August 12.

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