IRAN, ARMENIA BUILDING JOINT HYDROPOWER PLANT

Global Times
Nov 8 2012
China

By Agencies

Iran and Armenia have started the construction of a joint hydroelectric
power plant on the Aras River, Press TV reported Thursday.

The ground-breaking ceremony was held Wednesday with the participation
of Armenian President Serzh Sargsyan and Iranian Energy Minister
Majid Namjou.

With the completion of the project, some 1,700 megawatts of electricity
will be generated annually for domestic use in Iran, said managing
director of Iran’s East Azerbaijan Regional Water Company, Arsalan
Hashemi, according to the report.

The project, constructed simultaneously in Armenia’s Meghri and Iran’s
Qarachilar regions, is financed with 560 million and 500 million US
dollars in credits respectively from Armenia and Iran, said Press TV.