TendersInfo
November 10, 2012 Saturday
Armenia,Iran Islamic Republic of : ARMENIA and IRAN start CONSTRUCTION
of a joint HYDRO-POWER PLANT
On Thursday, Armenia and Iran started construction on a joint
hydro-electric power plant beside their shared border as part of
improving their economic relations. Armenia’s President Serzh
Sarkisian and Iran’s Energy Minister Majid Namjoo laid the first stone
for the plant symbolically. The plant is situated on the Arax River
near the southern Armenian town of Meghri.
“Hydro-diplomacy, which we use in our policy, plays a huge role
today,” Namjoo said on the occasion.
The $323-million (253-million-euro), 130-megawatt plant will be
concluded in five years. It will supply energy to Iran for the first
15 years. Then it will be handed over to Armenia.
“This plant will play an important role in ensuring Armenia’s energy
security,” Armenian Energy Minister Armen Movsisian.
Last month, Armenia and Iran took pledge to boost economic
cooperation, bilateral trade and fastening of joint projects such as
the hydro-electric plant, a third power transmission line between the
countries and a railway link.
Yerevan was looking for increasing links with Tehran as it had
problems from long-term political disputes with Turkey and Azerbaijan,
two of its neighbours. The disputes created an economic barrier and
closed borders.
Iran labors under tightened sanctions by Western nations on its
nuclear program. Iran is keen on boosting up economic and trading
opportunities with its northern neighbor.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2012/11/11/armenia-iran-start-construction-of-joint-hydropower-plant/
