Iranian company to construct hydropower plant in MeghriSeptember 16, 2010 - 19:12 AMT PanARMENIAN.Net - At September 16 sitting, the Armenian government ratified the offer on conclusion of a contract on construction of hydropower plant in Meghri jointly with Iranian company. Upon completion of 5-year construction, the hydropower plant will be put in 15-year commission. After the term of operation is finalized, the plant will be returned to the Armenian party without indemnity. “Conclusion of a contract will signify the start of an important investment program in Armenia,” Armenian Prime Minister Tigran Sargsyan stated. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Russia clarifying reports on Baku’s alleged arms supply to Ukraine Russia says is carefully working to verify reports about alleged arms supplies from Azerbaijan to Ukraine Russia warns Armenia against “falling into West’s trap” Zakharova maintained, however, that anything that will benefit the people of Armenia can only be welcomed. CSTO: Armenia has not participated in secretariat’s work recently Recently Armenia has not participated in the work of the secretariat of the CSTO, Imangali Tasmagambetov said. Meeting with U.S., EU not against third parties, says Armenia The meeting scheduled for April 5 is dedicated to strengthening of the Armenia-EU-US cooperation, Yerevan added. |