YEREVAN — Iran and Armenia have reached an agreement for the construction of Meghri hydroelectric power plant over the Aras River which forms the common border between two countries.
The agreement was reached during Iranian Energy Minister Majid Namjou’s one-day trip to Armenia on Saturday.
During the trip, Namjou conferred with his Armenia counterpart, Armen Movsisian, and the two sides agreed to begin the construction of the joint power plant on August 22, 2012.
According to the agreement, the hydroelectric power plant, which will straddle the border river, will have the capacity to produce 130 megawatts (MW) of electricity. The project is estimated to cost $350 million.
Construction of the power plant will begin simultaneously in Armenia’s Meghri and Iran’s Qarachilar regions.
Earlier in January, Mir Fattah Ghareh Bagh, the managing director of Iran Grid Management Company (IGMC), said the country’s electricity exports to Armenia would increase upon the completion of the 400-kV power transfer line, which will connect Iran’s electricity network to the Armenian city of Agarak.
According to Iranian Deputy Energy Minister Mohammad Behzad, the new power transmission line will take Iran’s electricity to Georgia, Russia and Europe.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the latest updates from MassisPost.

You May Also Like

Armenia’s Byurakan Observatory Listed as IAU Outstanding Astronomical Heritage

YEREVAN (Armradio) — The International Astronomical Union (IAU) has listed the Byurakan…

House Members Introduce Amendments to Exclude U.S. Military Aid to Azerbaijan in 2022 NDAA

WASHINGTON, DC – Senior members of the U.S. House of Representatives have…

Pashinyan Calls for Landslide Election Victory to Usher in an Era of Peaceful Development

YEREVAN — Prime Minister Nikol Pashinyan has urged Armenians to hand his…

CSTO Secretary General Expresses Concern About Participation of Mercenaries in Karabakh War

MOSCOW — The head of the Collective Security Treaty Organization (CSTO) expressed…