IRANIAN COMPANIES WILL TAKE UP MEGHRI HYDROPOWER STATION CONSTRUCTION

PanArmenian
April 17 2009
Armenia

Iranian companies will take up Meghri Hydropower Station construction,
RA Minister of Energy and Natural Resources Armen Movsesyan told a
news conference. According to him, the investments will be reimbursed
by energy produced. In accordance with agreement signed in Iran,
construction staff will include numerous Armenian professionals.

In March 2007 Hydropower Station Construction agreement was signed
between Armenia and Iran. The agreement stipulates for construction
of two stations on Araks river. Meghri Hydropower Station construction
expenditures will comprise $ 240 million.