YEREVAN, December 12. / ARKA /. Construction of Meghri HPP on the river Arax will start in all likelihood in 2014, Armenian energy and natural resources minister Armen Movsisyan said today.
Speaking to reporters after a Cabinet session he said the design of the plant was completed, and its construction is likely to begin next year.
According to an Armenian-Iranian agreement, signed back in 2007, the hydroelectric power plant, which will straddle the border river, will have the capacity to produce 130 megawatts (MW) of electricity.
Construction of the plant is to begin simultaneously in Armenia’s Meghri and Iran's Qarachilar. Each of the stations will annually produce 793 million kW / h of electricity.
The feasibility work was done by Iranian consulting company Sagab-Gods, commissioned by the Iranian company for water and energy development under the supervision of the joint Armenian-Iranian technical committee.
The generated energy will be shipped to Iran via a 230 KW transmission line now under construction. After the facility is built it will be operated for 15 years by the Iranian Farat-Sepasat.
The electricity will be supplied to Iran to pay off the Iranian investment. After 15 years of operation, the hydropower will become the property of Armenia. -0-