The repeatedly postponed construction of a big hydroelectric plant on the Arax river marking Armenia's border with Iran will finally start next month, the energy ministers of the two neighboring states said on Thursday.
Energy Minister Armen Movsisian and his Iranian counterpart Majid Namjou made the announcement after wrapping up a two-day session of an Armenian-Iranian intergovernmental commission on economic cooperation in Yerevan.
"At Mr. Namjou's proposal, within the next 10-15 days we will hold the inauguration ceremony and the construction of the Meghri plant will get underway," Movsisian told a joint news conference. He said Namjou has personally helped to speed up the implementation of the project estimated to cost at least $330 million.
Armenian News
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