IRAN AND ARMENIA TO BUILD HYDRO POWER PLANT ON ARAX RIVER

 
YEREVAN, DECEMBER 25, ARMENPRESS: Armenian energy minister Armen Movsisian said last week the feasibility plan for construction of a hydro power plant on the border River of Arax separating Armenia form Iran was ready. He said the construction was set to start early next year.
He said the hydro power plant, which will be located near the southern Armenian town of Meghri, will have a 130-140 megawatt capacity to generate annually about 850 million kilowatt/hours electricity.
Movsisian said it will be a unique hydro power plant in this region to benefit both Iran and Armenia.
He said the beneficial legal framework and the tariff policy have made construction of small hydro power plants a very attractive business. Armenia has now 50 small hydro power plants and another 50 are being constructed.
The minister said also Armenian power grid will be used for a swap of electricity between Georgia and Iran. To that end a third Iran-Armenia power transmission line is being built.