ARMENIA, IRAN TO CONSTRUCT HYDROELECTRIC POWER PLANTS IN 2008
Arminfo
20 Jul 07
Yerevan, 20 July: Iran and Armenia will build two hydroelectric power
plants on the border River Araz in 2008, the Armenian energy minister,
Armen Movsisyan, said at a news conference today.
He said that the sides have agreed that the feasibility study of the
construction of the two hydroelectric power plants and the scheme of
financing project be drawn up by the end of 2007. Movsisyan recalled
that the relevant intergovernmental agreement was signed on 19
March 2007.
The two hydroelectric power plants will be built in Armenia and
Iran, Armenian Deputy Energy Minister Ara Simonyan told Arminfo
earlier. It is planned to spend 200m dollars for the construction of
each hydroelectric power station. The capacity of each power plant
will total 140 MW.
The deputy minister said that the deadline and the scheme of financing
of the project will be elaborated in a few month. It is not ruled
out that the hydroelectric power plant in Armenia will be built on
the loan from the Iranian government, but Armenia will pay off the
loan with energy supplies.