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Iranian Companies To Build Megri Hydro Power Plant

IRANIAN COMPANIES TO BUILD MEGRI HYDRO POWER PLANT

ArmInfo
2009-04-17 13:07:00

Iranian companies will build two Megri Hydro Power Plant [HPP],
Armenian Energy and Natural Resources Minister Armen Movsisyan told
journalists yesterday.

He also added such arrangement was made during Armenian President
Serzh Sargsyan’s visit to Iran. The investments will be compensated
in future by means of electric power delivery to Iran. Within the
frames of the visit they also arranged to use Armenian labor force as
much as possible when implementing the investment projects as well
as the potential of Armenia when building such infra-structures as
Iran-Armenia railway. The agreement on construction of the two power
plants at Arax river was signed between Armenia and Iran on 19 March
2007. It will cost $240 mln.

Tadevosian Garnik:
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