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Iran to invest $320 million to construct power plant with Armenia

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  • Iran to invest $320 million to construct power plant with Armenia

    TendersInfo
    November 10, 2012 Saturday


    Armenia,Iran Islamic Republic of : IRAN to invest $320 million to
    construct power plant on border with ARMENIA



    According to Armenia, Iran is to invest $320 million towards
    construction of a power plant on a river marking their border.

    On Thursday a groundbreaking ceremony for the Meghri hydroelectric
    plant on the Aras river was organised which was attended by the
    Armenian president.

    The Armenian Energy Ministry stated that the construction would take
    around five years,.

    During the initial 15 years of its operation, Iran will be supplied
    with all the electricity produced by the 130-megawatt plant, and later
    it will be handed over to Armenia.

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