On 19 March 2017, the Armenian Government and IRI government signed an agreement on 'On Cooperation for Construction and Operation of Hydropower Stations on Araks Transboundary River' in Meghri Town.
Now the parties are announcing about the launch of selecting an investing company which will deal with the construction of 'Meghri' HPP, as the official website of RA Ministry for Energy Infrastructures and Natural Resources informs.
It is planned that the investing company will solve all the matters related to the fundraising and organization of the construction, operation, and management of 'Meghri' HPP on its own. The construction shall be carried out within 5 years, afterwards the electricity produced by 'Meghri' HPP shall be transferred to Iran for the purpose of sale in guarantee period of 15-20 years through high-voltage electricity transmission wires to be constructed by the investing company.
16:51 March 05, 2019