April 17, 2009 - 19:00 AMT
Iranian companies will take up Meghri Hydropower Station construction
Iranian companies will take up Meghri Hydropower Station construction, RA Minister of Energy and Natural Resources Armen Movsesyan told a news conference. According to him, the investments will be reimbursed by energy produced.
In accordance with agreement signed in Iran, construction staff will include numerous Armenian professionals.

In March 2007 Hydropower Station Construction agreement was signed between Armenia and Iran. The agreement stipulates for construction of two stations on Araks river. Meghri Hydropower Station construction expenditures will comprise $ 240 million.