IRAN AND ARMENIA BEGIN CONSTRUCTING MEGHRI HYDROPOWER PLANT

APA
Oct 19 2009
Azerbaijan

Baku – APA. Armenian government has passed a concrete decision
on constructing hydropower plant in Meghri region located on
Azerbaijan-Iran border, Armenian Minister of Energy and Natural
Resources Armen Movsisian told journalists, APA reports.

The Minister said the construction of Meghri hydropower plant will
begin late in 2009 – early in 2010. He said the technical-economic
feasibility of the project is about to end.

"The next meeting of Iran-Armenia intergovernmental commission will
be held by the yearend and the final agreements on the construction
of Meghri hydropower plant will be signed there," he said.

Armen Movsisian mentioned that three big energy projects were signed
during Iranian President’s visit to Armenia.

"One of them is connected with Meghri hydropower plant. According to
the agreement, specialized Iranian companies will make all investments
in the construction of the hydropower plant. They will be repaid
through produced electricity," he said.

The capacity of Meghri hydropower plant will be 130-140 MW. The
plant will produce 800-850 kWhr per year. The hydropower plant will
be built on the Araz River and will cost $2400 million.