Iran and Armenia begin constructing Meghri hydropower plant

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 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.