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Baku: Armenia And Iran To Construct Hydroelectric Power Station Over

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  • Baku: Armenia And Iran To Construct Hydroelectric Power Station Over

    ARMENIA AND IRAN TO CONSTRUCT HYDROELECTRIC POWER STATION OVER ARAZ RIVER

    APA
    Oct 25 2012
    Azerbaijan

    Baku. Anakhanim Hidayatova - APA. Construction of hydroelectric power
    station over Araz River in Armenian Mehri village bordering on Iran,
    will start within next 10-15 days, said the Armenian Minister of
    Energy and Natural Resources Armen Movsisyan, APA reports quoting
    Armenian website.

    The Minister said that Armenia and Iran would construct HPSs in the
    both sides of the border. One of them will be constructed in Mehri,
    other - in Garachilar village. Carrying out the construction works
    the same time will cause reduction of expenses by 10-15%.

    Every station will produce 793 mln kVt/hour in a year. Mehri HPS's
    capacity will make 130 MVt. Construction works will last 54 years,
    project is valued at $323 mln and this will be financed by Iran
    Investment Company.

    After completion of construction, Mehri HPS will be exploited by
    Iranian Farat-Sepasat Company for 15 years and produced energy will
    be transported to Iran. So, Armenia will repay Iran's investment.

    Thereafter, the station will be exploited by Armenia.

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